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European stocks slide after Wall Street losses

Published 01/27/2010, 04:16 AM
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European stock markets slid for the fifth time over the past six trading sessions on Wednesday, after Wall Street erased gains to finish lower on the previous day. 

France’s CAC 40 was down 1.5%; Germany's DAX slipped 1.17%; the EURO STOXX 50 dropped 1.66%; and Britain's FTSE 100 was down 1.31%

U.S. stocks fell late on Tuesday amid jitters over political and regulatory developments, offsetting improved consumer confidence data and solid earnings. 

Meanwhile, the outlook for U.S. markets was quite dim as Dow Jones industrial average futures indicated a fall of 0.35%, S&P 500 index futures pointed to a drop of 0.44% and Nasdaq 100 futures indicated a decline of 0.65%.

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