European stock markets moved lower on Tuesday after the German ZEW Survey came in in a mixed tone for February, with Current Situation improving to 50 vs. 44.0 expected, while Economic Sentiment dropped to 55.7 from 61.7 estimated.
EMU’s ZEW survey missed forecasts, with Economic Sentiment weakening to 68.5 vs. 73.9 expected and 73.3 previous.
The Stoxx Europe 600 index lost 0.3% to 333.61.
Germany’s DAX 30 index traded 0.2% lower, France’s CAC 40 index dropped 0.4% and the U.K.’s FTSE 100 index fell 0.3%.
UK’s consumer prices advanced at an annual pace of 1.9% during January, coming in short of expectations and December’s print at 2.0%. Core prices just followed suit, advancing 1.6% YoY vs. 1.9% expected and 1.7% previous.
Shares of John Wood Group PLC rallied 4% after the oil- and gas-services company posted a rise in 2013 pretax profit and said it is well positioned for the longer term.
Delhaize Group SA gained 4.6% after Morgan Stanley lifted the Belgian supermarkets firm to overweight from equal weight.
On a more downbeat notes, shares of Industria de Diseno Textil SA , also known as Inditex, dropped 3.2% after Citigroup cut the fashion retailer to neutral from buy.
Shares of Air Liquide SA fell 1.2% after the industrial-gas supplier reported a slight drop in 2013 sales.
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