European stock markets declined for a second day on Thursday after data showed the Chinese manufacturing sector contracted more than expected in January and the U.S. Federal Reserve further tapered its asset purchases. It has somewhat recovered except for the FTSE which is still in red.
A Spanish report showed the country’s economic recovery picked up speed in the fourth quarter, with gross domestic product rising 0.3%. For the full year, the Spanish economy contracted 1.2%. In Germany, labor-market figures showed unemployment fell by 28,000 in January, better than the 5,000 expected.
A Spanish report showed the country’s economic recovery picked up speed in the fourth quarter, with gross domestic product rising 0.3%. For the full year, the Spanish economy contracted 1.2%. In Germany, labor-market figures showed unemployment fell by 28,000 in January, better than the 5,000 expected.