The major European markets closed weak on Thursday, with investors digesting a slew of economic data from the region, as well as data from the U.S. and China, and largely making cautious moves.
Positive reaction to comments from U.S. Senate Majority Leader Chuck Schumer that the Senators have reached a deal to avoid a government shutdown on October 1 pushed up stock prices early on in the session. However, stocks retreated as the day progressed and the markets eventually settled on a weak note, and snapped a seven-month winning streak in the process.
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