European stock markets erased gains in afternoon action on Thursday, after jobs data out of the U.S. disappointed analysts' expectations and gross domestic product for first quarter was revised down to a 1.9% annual rate from 2.2% as previously estimated.
European stock markets erased gains in afternoon action on Thursday, after jobs data out of the U.S. disappointed analysts' expectations and gross domestic product for first quarter was revised down to a 1.9% annual rate from 2.2% as previously estimated. The Stoxx Europe 600 index was off 0.2% at 240.14, after trading in positive territory for most of the day. The German DAX 30 index lost 0.1% to 6,272.67, while Spain's IBEX 35 index slipped 0.1% to 6,082.20. The French CAC 40 index declined 0.2% to 3,010.03 and the U.K. FTSE 100 index gained 0.2% to 5,308.85, buoyed by the index's oil firms.
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