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European Stocks Tumble Amid Earnings, Trade Uncertainty


Thursday, 18 July 2019 14:17 WIB

Stoxx 600Saham Eropa


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European stocks opened lower Thursday, as investors digest fresh corporate results and keep an eye on global trade developments.

The pan-European Stoxx 600 slipped 0.6% at 387.66 at the opening bell, technology stocks plunging 2.6% while healthcare was the only sector in positive territory, climbing 0.2%.

Investors are staying across the latest earnings season, with a slew of companies reporting their results this week. On Thursday, SAP, Novartis, Publicis and Danske Bank are among the major corporates due to post earnings.

Also in focus is the U.S.-China trade spat. The Wall Street Journal reported Wednesday that trade negotiations between the world’s two largest economies are at an impasse over restrictions on Chinese tech giant Huawei.

Source : CNBC


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