European markets prolong decline

Data detailing unexpected falls in production levels across the eurozone’s services and manufacturing sectors in February pulled European markets down for a second consecutive day yesterday.

The majority of benchmark indexes in the eurozone were down. Spain’s IBEX fell 1.26% and Germany’s DAX declined by just under 1%.

In Paris, the CAC-40 was down by 0.5%, even though France Telecom shares rose after it said it was cutting dividend payments in a bid to safeguard cash. In London, the FTSE fell 0.2%.