The European equity markets are moving mostly to the downside in afternoon action, following a disappointing read on German business sentiment, while geopolitical concerns continue to fester and the International Monetary Fund lowered its global growth outlook. The German Ifo Business Climate Index-a survey of 7,000 executives-declined for a third-straight month to 108.0 in July, from 109.7 in June, and compared to the 109.4 rechwaading that economists had anticipated.
The U.K. FTSE 100 Index is dipping 0.1%, Germany's DAX Index is declining 0.5%, France's CAC-40 Index is decreasing 0.8%, Italy's FTSE MIB Index is moving 0.3% lower, and Switzerland's Swiss Market Index is trading 0.4% to the downside, while Spain's IBEX 35 Index is increasing 0.5%.
Source: Schwab
The U.K. FTSE 100 Index is dipping 0.1%, Germany's DAX Index is declining 0.5%, France's CAC-40 Index is decreasing 0.8%, Italy's FTSE MIB Index is moving 0.3% lower, and Switzerland's Swiss Market Index is trading 0.4% to the downside, while Spain's IBEX 35 Index is increasing 0.5%.
Source: Schwab
