India : Europe: Shares give up gains as banks weigh amid concerns on growth, Brexit
Mar 29, 2019 (Euclid Infotech Ltd via COMTEX) —
European shares pared early gains to finish lower on Thursday as optimism around some progress in US-China trade talks were outweighed by losses in banks amid a gloomy outlook for global economic growth and uncertainties around Brexit.
The pan-region Stoxx 600 index slipped 0.1 per cent, with Frankfurt’s trade-sensitive index DAX giving up most gains to close 0.08 per cent lower, while Madrid and Milan slipped more than half a percent each.
The pullback intensified after data showed that economic growth in the United States slowed more than expected in the fourth quarter – the latest addition to a slew of poor economic data from around the globe.
The 0.6 per cent rise in London’s FTSE 100 was the most among regional indices, spurred by a weaker pound after Wednesday’s indicative vote on Brexit ended in a deadlock.