Weak Economic Data Weighs on Europe Markets as Rio Tinto Rises on Merger Hopes

European stock indices backpedal from Monday’s gains after disappointing German data compounds the impact of a jittery day on Wall Street. August industrial output in Germany slumps 4% month-on-month, the largest decline in five years, pushing industrial companies and euro-zone banks lower. In London Rio Tinto rises after confirmation of a merger approach from Glencore, which the world’s No. 2 mining group decided not to pursue. Food retailer Tesco regains ground after a report points to an additional board change. Laura Board reports from London.