European equities slide as euro keeps weighing

European equities slide as euro keeps weighing

On Friday, European stocks went down because a fresh flow of corporate earnings didn’t manage to change the overall mood of the previous trading session, suppressed by the European Central Bank's policy gathering that pushed the common currency close to a two-year peak.

The STOXX 600 was 0.1% lower, extending the previous session’s losses because the common currency applied pressure on exporters.

All key European bourses sank moderately, though a number of blue chips found themselves in the black due to upbeat updates.

Vodafone, the world's number two mobile operator, posted better-than-expected profit ascend in its first quarter. The company’s revenue extended 2.3%.

Meanwhile, Philips Lighting, the world's largest producer of lights, edged down 7.6% after posting its second-quarter outcome.

French car parts producer Valeo lost 3.9%.

Deal-making also brought some huge profits, with payments company Paysafe ascending 8.6% having received a bid from Blackstone as well as CVC Capital Partners.

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S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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