European equities start a bit lower

European equities start a bit lower

On Thursday, European stocks started in negative territory because a bunch of corporate earnings report for the third quarter provoked steep prices moves across some sectors as well as bourses.

The STOXX 600 decreased 0.1%, unable to revive from last session's decline, and neglecting peaks in Asia and also on Wall Street.

The world's number one maker of wind turbines, Vestas turned to be the worst performer because it had its 2017 revenue margin outlook lowered.

British luxury brand Burberry happened to be another big loser, sliding approximately 95 after first-half outcomes, while Hikma Pharmaceuticals slumped 5.5% having lowered 2017 profit guidance for its generics business for a third time.

Equities in Italian banks strengthened having lost ground on Wednesday because of worries over non-performing loans.

Commerzbank tacked on 2.1% having swung to net revenue in the third quarter. The German financial institution repeated it was still expecting to derive a bit positive net revenue for the full year.

 

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