European stocks slip, sentiment hit by Nice attacks

The European equities brought an end to its recent winning streak and turned lower this Friday after yesterday’s attack in Nice dented investors’ sentiment and crushed risk appetite across the board.

The travel and leisure stocks were worst hit in wake of the attacks in France, where a man rammed a truck in to crowd celebrating Bastille Day, killing over 80 people. The latest horrific attack added to the persisting Brexit-led uncertainty, and therefore sent the region’s indices lower.

Meanwhile, markets appear to have ignored upbeat Eurozone CPI figures, which revealed that the 19-nation bloc emerged from deflation last month. The Eurozone CPI rose 0.2% y/y June, up from 0.1% fall seen in May.

Currently, Germany's DAX 30 index drops -0.32% to 10,036, while the UK's FTSE index falls -0.41% to 6,626. Among other European indices, the French CAC 40 index declines -0.60% to 4,359, while the pan-European Euro Stoxx 50 index subtracts -0.61% to 2,950 points.

Going forward, traders now look forward to a host of key US economic releases for fresh impetus on the European equity markets.