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European equities trim losses, but stay in the red

FXStreet (Mumbai) - The stock markets across Europe trimmed early losses, but continue to trade in the red as China data reignited global growth concerns.

The pan-European blue chip Euro Stoxx 50 index currently trades 0.5% lower on the day. Shares in Deutsche Telekom AG suffered 1.76% loss. French stocks like Orange, Saint Gobain, Louis Vuitton lost more than 1% each. Meanwhile, Vivendi and Ab Inbev advanced 1% each.

Among regional indices, the German DAX and France’s CAC lost 0.8% and 0.6% respectively. Both indices were down more than 1% in early trading.

US stocks closed lower Tuesday, as investors weighed slight declines in oil prices. Asia stocks slipped ahead of inflation data from China, but saw some gains after the data were released.

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