Most European stock indices decline as industrial stocks underperform

Golden Ten Data March 24｜The rebound triggered by the more conciliatory remarks made by US President Trump on Monday has begun to waver, with most European stock indices falling during turbulent early trading. The persistently high oil prices have caused industrial and construction stocks, which are sensitive to energy prices, to underperform. The Europe STOXX 600 Index edged down 0.05%. Germany's DAX Index, which is heavily weighted towards industrial stocks, fell 0.6% due to declines in industrial and chemical companies, and software company SAP dropped 4.8% after analysts lowered its rating. The UK FTSE 100 Index remained flat, dragged down by mining and industrial stocks. In Paris, the France CAC 40 Index also remained flat, with gains in luxury stocks (industry leader LVMH Group up 0.9%) offset by declines in industrial stocks. Italy and Spain's blue-chip indices fell by 0.3% and 0.1%, respectively.