European Stocks Break Nine-Day Winning Streak

European stock markets opened broadly lower on Wednesday, with the benchmark index retreating after the longest winning streak in more than three years as investors digested another round of quarterly earnings.

The Stoxx Europe 600 index lost 0.5% to 319.31, after closing at the highest level since 2008 on Tuesday. Shares of STMicroelectronics NV slid 5.4% after the chip maker reported a loss in the third quarter.

Shares of Peugeot SA added 2.6% after the auto maker reaffirmed its full-year financial guidance. Among country-specific indexes, Germany’s DAX 30 index dropped 0.4% to 8,911.85, pulling back from an all-time closing high. France’s CAC 40 index lost 0.7% to 4,267.37, while the U.K.’s FTSE 100 index gave up 0.4% to 6,666.28.

Source : Marketwatch