Stock indices traded lower as concerns over the slowdown in the global economy still weighed on the markets. International Monetary Fund (IMF) Managing Director Christine Lagarde said on Tuesday that the global growth will be weaker than expected earlier due to a slower recovery in advanced economies and a further slowdown in emerging economies.
The weak manufacturing and services PMIs from China are still in focus.
Meanwhile, the economic from the Eurozone was weak. Eurozone's producer price index declined 0.1% in July, in line with expectations, after a flat reading in June. June's figure was revised up from a 0.1% drop.
Intermediate goods prices were flat in July, capital goods prices rose 0.1%, and both durable and non-durable consumer goods prices climbed 0.1%, while energy prices decreased 0.5%.
On a yearly basis, Eurozone's producer price index dropped 2.1% in July, in line with expectations, after a 2.1% fall in June. June's figure was revised up from a 2.2% decline.
Eurozone's producer prices excluding energy fell 0.4% year-on-year in July. Energy prices dropped at an annual rate of 6.5%.
Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. increased to 57.3 in August from 57.1 in July, missing expectations for a rise to 57.5.
A reading above 50 indicates expansion in the construction sector.
The increase was driven by a strong rise in business activity and employment.
Name Price Change Change %
FTSE 100 6,052.83 -5.71 -0.09 %
DAX 9,991.23 -24.34 -0.24 %
CAC 40 4,530.33 -10.83 -0.24 %