Wed, 13 Mar 2013 13:43:03 GMT
European stocks lower on Italian auction
On Wednesday, European equity experienced a decline after Italy witnessed an increase in its borrowing costs. Euro Stoxx 50 lost 0.53%, being traded at 2,697.47 at 11:22 a.m. London time. The steepest decline was witnessed by Enel, an Italian energy company, which shares lost 6%, following the announcement of tumbling earnings.