Business 16.8.2016 01:33 pm

European stocks down after post-Brexit data

Picture: AFP

Picture: AFP

European stock markets fell on Tuesday, with traders reacting to early indications regarding the economic fallout of Britain’s Brexit vote.

Around 1045 GMT, London’s benchmark FTSE 100 was down 0.4 percent compared with the close on Monday.

In the eurozone, Frankfurt’s DAX 30 shed 0.7 percent and the Paris CAC 40 lost 0.5 percent.

Investor confidence in Germany rebounded slightly this month, as the shock over Britain’s vote in June to leave the European Union began to wear off, a leading survey showed.

The investor confidence index calculated by the ZEW economic institute gained 7.3 points to stand in positive territory at 0.5 points in August, recovering from a massive 26-point slump in July.

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