European stock markets broke a five-day winning streak on Thursday, after U.S. lawmakers agreed to end the government shutdown and raise the debt ceiling, but failed to come up with a longer-term solution for the country’s finances.
The Stoxx Europe 600 index fell 0.4% to 314.21, after closing at the highest level in more than five years on Wednesday.
Germany’s DAX 30 index lost 0.7%, retreating from an all-time closing high reached on Wednesday.
France’s CAC 40 index fell 0.7%, while the U.K.’s FTSE 100 index dropped 0.5%.
Data released showed Eurozone Current Account surplus s.a. widened to €17.4 billion in August from €15.5 billion in July. Analysts expected the surplus to widen slightly more to €17.7 billion.
Current Account surplus n.s.a. narrowed to €12 billion in August, from €26.1 billion in July and above forecasts of narrowing to €10 billion.
The UK National Statistics informed on Thursday that year-over-year UK Retail Sales grew 2.2% in September, compared with the 2.1% increase in August and slightly above forecasts of +2.1%. On a monthly basis UK Retail Sales climbed 0.6% in September, after dropping 0.8% in August and above expectations of growing 0.4%.
Annual Retail Sales excluding Fuel increased 2.8%, up from the 2.3% rise and above market consensus of 2.1% growth. Month-over-month Retail Sales excluding Fuel edged up 0.7%, following a 0.8% decrease and exceeding expectations of +0.3%.
Among notable movers in the pan-European index, shares of Outotec Oyj sank 10% after the Finnish engineering firm lowered its guidance for sales and operating-profit margin for 2013 due to macroeconomic uncertainty and payment delays.
Shares of Royal KPN NV slid 9.1% after America Movil SAB de CV said late Wednesday it won’t make a buyout bid for the Dutch telecom firm.
On a more upbeat note, shares of SABMiller PLC gained 4% after the brewer said first-half revenue rose 4%.
Outside the major indexes, shares of Nestle SA climbed 2.2% after the KitKat maker said it’s now on track to reach annual organic growth of “around 5%,” in line with its long-standing target of between 5% and 6%.
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