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European stocks waver on China worries

Published on Feb 21, 2014 2:25 AM
 

LONDON (AFP) - Europe's main stock markets wavered on Thursday following a slump for share prices across Asia after poorly-received Chinese data and on the outlook for US stimulus.

The blockbuster sale of smartphone messenger Whatsapp to Facebook and weak earnings at US retail giant Wal-Mart also weighed on sentiment.

London's benchmark FTSE 100 index ended the day up 0.24 per cent at 6,812.99 points. Frankfurt's DAX 30 dropped 0.43 per cent to 9,618.85 points, but the CAC 40 in Paris added 0.33 per cent to 4,355.49 points.

"Another piece of poor data from China ... with markets getting no favours from Fed minutes either after the January minutes re-affirmed intentions to wind down stimulus by year-end," said Toby Morris, a senior trader at CMC Markets.

 
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