European stock markets moved broadly lower on Thursday, as investors waited for retail-sales data from the U.S. to gauge if they’ll weaken or strengthen the case for the Federal Reserve to taper its asset purchases next week.
The Stoxx Europe 600 index lost 0.3% to 312.34, on track for a third straight day of losses.
In Europe, Germany’s DAX 30 index gave up 0.6% and France’s CAC 40 index lost 0.3%. The U.K.’s FTSE 100 index slid 0.5% to 6,474.81.
Data released showed the Eurozone industrial output fell 1.1% in October versus a 0.3% rise expected, while YoY it grew 0.2% well below the 1.1% increase expected.
In UK investors wait for Chancellor of the Exchequer George Osborne’s steech before lawmakers to explain his year-end budget statement.
Metro AG rose 2.7% after the German retailer said it sees a slight rise in sales for fiscal 2014, but that it won’t pay a dividend for its truncated fiscal year ended Sept. 30.
Fortum Oyj rallied 5.2% after the utility firm said it has agreed to sell its electricity-distribution business in Finland for €2.55 billion euros.
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