European Market Review

European stocks regained some ground late today afternoon even as low economic data.

The U.S. report that it would levy billions of dollars’ worth of tariffs on exports from the European Union.

The pan-European Stoxx 600 dropped 0.1% higher during afternoon trade.Markit September final composite PMI marked 50.1, a drop from 51.9 in August, while services PMI sunk to 51.6 from 53.

German and French services PMI both came slightly below estimates at 51.4 (versus 52.5 forecast) and 51.1 (versus 51.6 forecast) respectively.

Credit Suisse announced lower manufacturing data accompanied by healthy economic data elsewhere lands the economy in a middle ground.

The World Trade Organization has just authorized Washington to carry out with its tariffs worth billions of dollars on the European Union.