European Markets Mixed; Tesco Probe, Declining Sales Hit British Grocers But Zalando Zooms

European stock indices were mixed on Wednesday, with London markets moving lower on disappointing economic news and corporate worries. Listed British food retailers Tesco and Sainsbury decline, taking smaller rival Morrison down with them, but in Germany, where IPO enthusiasm has buoyed the market, online fashion retailer Zalando rises sharply on its debut after pricing its shares towards the top of an indicative range. Investors are watching eagerly for the IPO outcome of Zalando parent Rocket Internet, which has already doubled the size of its offering and brought forward the listing timetable because of what it called “exceptional demand.”