European stock markets moved slightly lower on Thursday as investors awaited U.S. jobs and housing data, amid worries over budget wrangling and debt-ceiling negotiations in Washington.
The Stoxx Europe 600 index slipped 0.1% to 312.68, adding to a 0.1% loss from Wednesday.
Among country-specific indexes in Europe, France’s CAC 40 index lost 0.4% and Germany’s DAX 30 index dropped 0.2%. The U.K.’s FTSE 100 index fell 0.1%.
In Uk data released showed on a quarterly basis UK GDP increased 0.7% in Q2, up from the 0.3% rise registered the previous quarter. This result is in line with market consensus. But year-over-year GDP rose 1.3% in Q2, slightly down from +1.5 in Q1 and below expectations of 1.5% growth.
The UK Current Account deficit narrowed to £-13.0B in Q2, from £-21.8B in Q1, while analysts expected the deficit to narrow further to £-12.0B.
Shares of Ladbrokes PLC posted the biggest drop in the index, off 9.1%, after the betting firm said 2013 operating profit for its digital division will fall below current market expectations.
On a more upbeat note, shares of Hennes & Mauritz AB gained 6.5% after the Swedish fashion retailer reported a 22% rise in third-quarter profit and said sales in China had been particularly strong during the period.
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