European Stocks Finish Lower After Manhunt for Terrorists Grips Paris

European stocks ended lower Wednesday, with travel shares back under pressure as police in Paris carried out a raid connected to last week’s terror attacks.

France’s CAC 40 ended 0.6% lower at 4,906.72. Losses in France’s terrorist problems contributing to a 0.1% decline on the Stoxx Europe 600 Only the oil and gas and technology sectors showed gains on the broad European stock-market benchmark. The pan-European index on Tuesday jumped 2.9%, to mark the best daily gain in six weeks as shares of defense and energy companies advanced.

But equities pulled back on Wednesday as investors took in news of a manhunt in suburban Paris as police tried to corner the suspected mastermind of last week’s attacks. A woman blew herself up and a man was killed in the operation. Seven people were arrested, with the predawn raid ending around noon Paris time.

Source: MarketWatch