US stock markets remained bearish on Wednesday as investors sold their position on weaker US economic data. US industrial production increased 0.1 percent in last month while analysts were expecting the increase of 0.2 percent. Dow Jones Industrial Average declined 1.48 percent or 178.84 points to 11,897.27 on Wednesday. Standard & Poor’s 500 index slipped 1.74 percent or 22.45 points to 1,265.42 while NASDAQ Composite index dropped 1.76 percent or 47.26 points to 2,631.46 points.

Elsewhere in the world selling pressure was also witnessed in stock prices as London’s FTSE 100 dropped 1.04 percent and EURO STOXX 50 slipped 1.74 percent. Germany’s DAX declined 1.25 percent while France’s CAC-40 was down 1.49 percent on Wednesday.