European Stocks Slip in Early Trading
October 26 2016 - 3:50AM
Dow Jones News
European stocks opened lower Thursday, following Asian equity
markets downward after a string of disappointing earnings reports
from large U.S. companies.
The Stoxx Europe 600 index pulled back 0.27% shortly after
markets opened, led by a 0.38% drops in the U.K.'s FTSE 100 index
and France's CAC 40.
Consumer confidence data from Germany released early Wednesday
morning showed slightly weaker sentiment than expected at 9.7, its
lowest reading since June and below the 10 that analysts had
forecast.
Asian stocks were broadly lower, with Hong Kong's Hang Seng down
0.87%, and China's Shenzhen A-share index down 0.52%. Japanese
equities bucked the trend, and the Nikkei 225 index closed up
0.15%.
After falling by as much as 1.1% intraday on Tuesday, sterling
was largely flat against the dollar, at $1.216. The pound fell by
another 0.23% against the euro, to €1.115.
Write to Mike Bird at Mike.Bird@wsj.com
(END) Dow Jones Newswires
October 26, 2016 04:35 ET (08:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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