Europe stocks extend losses after U.S. GDP data
LONDON (MarketWatch) — European stock markets extended losses in afternoon action on Wednesday, after data showed the U.S. economy unexpectedly contracted in the fourth quarter of last year. Gross domestic product for the quarter fell 0.1%, missing estimates of a 1% rise. Meanwhile, ADP said 192,000 private-sector jobs were added to the U.S. economy in January. The Stoxx Europe 600 index gave up 0.4% to 289.23. France’s CAC 40 index dropped 0.3% to 3,775.27, while Germany’s DAX 30 index fell 0.3% to 7,822.23. The U.K.’s FTSE 100 index lost 0.1% to 6,332.92.
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