Helena Lyng Blak
9 weeks ago

European stocks down after PPI shocker

European shares dip
European stock market fall concept
marketlan / Shutterstock.com

The European stock index STOXX 600 closed at a decrease of 0.2%, CNBC reports. 

The index slipped following the revelation that the US Producer Price Index (PPI) witnessed a 0.6% rise, thus surpassing the Dow Jones consensus of an expected 0.3% increase. 

The STOXX Europe 600, often referred to as the STOXX 600, is a stock index which represents a broad spectrum of shares from across 17 European countries.

Designed to provide a comprehensive overview of European stock market performance, it includes 600 companies that are considered leaders in their industries. 

The index is composed of stocks from various sectors, including financial services, healthcare, consumer goods, technology, and more.

STOXX 600 includes the UK and Switzerland, as well as major EU economies such as Germany, France, and Italy, as well as Austria, Belgium, Denmark, Finland, Ireland, Luxembourg, the Netherlands, Norway, Poland, Portugal, Spain, and Sweden.

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