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European markets close lower as weak German data and U.S. virus surge shake sentiment
Tuesday, 7 July 2020 23:27 WIB | MARKET UPDATE |Stoxx 600Saham Eropa

European markets closed lower Tuesday as concerns over the threat to economic recovery of new coronavirus cases in the U.S. and weak German data put the brakes on Monday™s rally.

The pan-European Stoxx 600 closed down by around 0.6% provisionally, with tech shares shedding 1.2% to lead losses as most sectors and major bourses slid into negative territory.

German industrial production data came in weaker than expected on Tuesday morning, rising by 7.8% in May, a more modest rebound than the 10% expected by analysts polled by Reuters following a -17.5% contraction in April.

Source: CNBC

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