Data Fuels Rout in European Stocks But Burberry Parades Strong Growth

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Data Fuels Rout in European Stocks But Burberry Parades Strong Growth

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Data Fuels Rout in European Stocks But Burberry Parades Strong Growth

TheStreet.com Videos 2:01 mins

European stock indices tumble on Thursday, refusing to follow U.S. markets higher after Federal Reserve minutes had on Wednesday stoked optimism about the monetary outlook. Weaker-than-expected French consumer price data, and disappointing industrial output figures for both France and Italy add to the sense of gloom, as do concerns about the health of Portugal’s financial services sector. Burberry cuts a dash with strong first-quarter sales figures but in Amsterdam oil field services company Fugro tumbles after warning of falling first-half margins and of writedowns. Laura Board reports from The Deal's London newsroom.

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