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Market Update

European Stocks Lower Ahead of Data

European markets were lower Wednesday ahead of a batch of data from the euro-zone, including the November inflation report from the Bank of England.

The FTSE traded flat with a negative bias while the CAC 40 Paris declined 0.6%. The German DAX declined 0.3%.

Investors are also focused on industrial production data from the euro-area, and the unemployment rate in the U.K.

Deutsche Bundesbank President Jens Weidman is due to speak later in the day.

Stocks on the Move

Tullow Oil PLC slipped 1.6% after a trading update.

Banks were among the top losers with HSBC down a percent and Barclays PLC 1.8% lower. Standard Chartered dropped 3.1%.

BNP Paribas was marginally higher while Societe Generale was up 0.3%.

In Frankfurt, Audi traded flat while Volkswagen declined 0.2%.