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European stocks struggle as auto makers and pharmas drag

It has been a mixed bag for traditional haven trades as geopolitical worries mount

European stocks struggle as auto makers and pharmas drag

European stocks grappled for direction Wednesday, as losses for pharmaceutical companies and car makers dragged on the region’s index, even as fresh data painted an upbeat picture of the eurozone economy, MarketWatch reports.

The Stoxx Europe 600 index was down 0.1% at 382.01, and has been swinging between small gains and losses. The basic materials, industrial and financial sectors were up, but health care, oil and gas and utility stocks struggled.

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