ROME: European equities ended mixed on Wednesday. A rally in mining and oil stocks boosted sentiment but Volkswagen shares dragged the DAX lower.
The sharp drop in Volkswagen shares also weighed on the automotive sector, which closed down over 2 percent. The German DAX, which bucked Europe’s positive trend, ended 1 percent lower. The STOXX Europe 600 index finished the day provisionally up 0.5 percent.
A rebound in Chinese services PMI helped to buoy overall sentiment, however. Asia closed sharply higher on Wednesday and Europe followed suit with gains in the morning session. In the U.S. stocks traded lower in a narrow range as investors looked for more clues on the timing of a rate hike from a slew of data and Federal Reserve speakers.
