European stocks slip moderately

European stocks slip moderately

On Thursday, European shares headed south moderately, although a series of earnings updates grasped the focus with Sodexo leading losers after the French group downgraded its sales prediction.

The pan-European STOXX 600 declined 0.2%, while euro zone blue chips along with Britain’s FTSE 100 demonstrated a slight dip.

Sodexo went down 3.7%, hitting its lowest value since end-March. The world's second-biggest catering services company after Compass Group had to cut its full-year sales surge objective after weaker-than-expected third quarter outcome.

As for Compass, it inched down too, losing 0.5%.

Meanwhile, British consumer goods Reckitt Benckiser reduced its growth forecast too after the previous month a global cyber attack disrupted its business in multiple markets, thus pushing its stocks down 1.2%.

However, Associated British Foods rallied 3.9%, leading winners on the STOXX, after the company announced its full-year outlook had improved due to a better-than-expected performance demonstrated by its Primark clothing chain.

                                                                                                                                                           

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera