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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.


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