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OUR PRIVACY AND COOKIE POLICY

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European stocks wrestled lower, with Siemens shares down

written by Bella Palmer
European equities

European equities pulled lower Thursday, with German industrial heavyweight Siemens AG among the market’s decliners, but stock in Italian lender UniCredit SpA was a bright spot in the struggling banking group.

The Stoxx Europe 600 SXXP, +0.06% was off 0.3% to 377.58. No sector traded higher, and oil and gas and telecom shares were putting in the worst performance.

More earnings reports rolled in Thursday. Among notable movers, shares of Finnish oil refiner Neste Corp. NESTE, -6.62%  sank 7.7% as the company’s first-half operating profit of €236 million fell from €282 million a year ago. Analysts polled by Reuters had expected €244 million in operating profit.

Disclaimer:

The opinions expressed by our writers are their own and do not represent the views of UK Investment Guides. The information provided on UK Investment Guides is intended for informational purposes only. UK Investment Guides is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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