European markets close lower following weak manufacturing data; Greggs down 12%
Tuesday, 1 October 2019 23:27 WIB | MARKET UPDATE |Saham EropaIndek stoxx europe 600

European stocks reversed early gains to close lower on Tuesday after a weak set of economic numbers out of the U.S. and the euro zone.

The pan-European Stoxx 600 was down 1.31% to 87.99 at the closing bell, financial services falling 1.6% to lead losses while every sector and all major bourses were in the red.

The final reading of Purchasing Managers Index (PMI) manufacturing data for the euro zone in September came in at 45.7, 0.1 higher than the flash estimate but still hitting its lowest level since October 2012. Final new orders came in at 43.4, again better than the flash estimate but also the lowest since October 2012. Germany led the bloc™s weakness, its PMI coming in at 41.7.

Source: CNBC

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