European stocks continued to tread water Thursday, reflecting uncertain global sentiment.
The pan-European Stoxx 600 index provisionally closed flat, with sectors spread across positive and negative territory. Telecoms stocks led losses with a 1.1% downturn, while gains were led by a 1.2% uptick in auto stocks.
Equity markets largely shook off figures published mid-morning showing the euro zone entered a technical recession in the first three months of the year, with revisions to gross domestic product showing a 0.1% contraction in the previous two quarters.
Asia-Pacific markets slid as Wall Street saw a pause in its market rally, with U.S. stocks were modestly higher.
Source : CNBC
