Eurozone stocks dip on grim Brexit data

Leading eurozone stock markets reversed gains Friday as data showed Britain’s decision to quit the EU impacting activity in the country and the euro area, but London shares appeared to shrug off the reading.

In the eurozone, Frankfurt’s DAX 30 index and the Paris CAC 40 slipped into the red after earlier gains, with Wall Street following suit.

Traders weighed the chances of looming central bank stimulus as they digested the latest key surveys on private sector activity, or purchasing managers’ indexes, in both Britain and the eurozone.

The PMI survey by research Markit group sank to 47.7 points this month, down from 52.4 in June.