European stocks closed on a weak note on Friday, snapping a three-day winning run, as uncertainty about Chinese real estate major
Investors continued to react to the policy statements from the
On Thursday, the
Investors also looked ahead to the polls in
The pan European Stoxx 600 declined 0.9%. The
Among other markets in
Shares of food delivery firm Deliveroo declined sharply after the company lost a deal with Shell’s gas station convenience stores to rival
In the German market, Sartorius tumbled nearly 6%. HelloFresh shed more than 4%, while Zalando, Puma,
In economic releases, survey results from the market research group Gfk showed
The consumer confidence index fell to -13 from -8 in August, the report said. This was the lowest reading since
Survey results from the ifo Institute showed German business confidence weakened for the third straight month in September.
The business climate index dropped to 98.8 in September from 99.6 in August. The score was forecast to fall to 98.9.
Companies were less satisfied with their current business. They were also more skeptical about the coming months, the survey showed.
The current situation index declined unexpectedly to 100.4 from 101.4 in the previous month. The expected level was 101.8. At the same time, the expectations index fell less-than-expected to 97.3 from 97.8 in August. The reading was seen at 96.5.