European Equity Benchmarks Close Mixed

Broad-based major European indices closed mixed in Wednesday’s trading session, with the London exchange closing higher, while its continental counterparts ended the day flat.

In economic news, growth in the U.K. housing market is expected to slow down in 2017, according to a report from Halifax, Britain’s biggest mortgage lender.

“House prices in relation to average earnings are at an historical high in the capital,” said Halifax housing economist Martin Ellis. “There is a risk of some price falls in parts of London, particularly in the most expensive central locations, in 2017.”

In Germany, the debt owed by the overall public budget to the non-public sector amounted to EUR2.03 trillion euros ($2.11 trillion) at the end of Q3, according to the Federal Statistical Office (Destatis). The debt was up 0.4%, or EUR8.9 billion, from the end of 2015. Compared with the previous quarter, the debt decreased 0.3%.

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