European shares dip as earnings disappoint
Reuters
Published Aug 08, 2018 03:44AM ET
European shares dip as earnings disappoint
LONDON (Reuters) - European shares dipped on Wednesday as corporate earnings failed to lift sentiment soured by trade tensions, as the United States prepares to begin collecting tariffs on another $16 billion in Chinese goods.
At 0716 GMT, the pan-European STOXX 600 (STOXX) was down 0.3 percent with the heaviest losses in Frankfurt where the DAX (GDAXI) lost 0.4 percent.
Trading updates from Danish drugmakers Novo Nordisk (CO:NOVOb) and Lundbeck (CO:LUN) and Switzerland's Vifor Pharma (S:VIFN) shares losses of 4.4 percent, 10 percent and 5.4 percent respectively.
Shares in French supermarket retailer Casino (PA:CASP) also fell heavily, down 9 percent after broker Bernstein cut the stock to "underperform".
Among top performers, Nokian Tyres (HE:NRE1V) jumped 5.5 percent after beating earnings expectations and Dutch bank ABN Amro 
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Written By: Reuters
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