Precise Investors

Stocks & Shares

European stocks fall amid low results from Swatch Group AG and Deutsche Bank AG

European stocks fell on Thursday, trimming some of the sharp gains made in the previous session, as lower-than-expected results from Swatch Group AG and Deutsche Bank AG rattled investors.

The Stoxx Europe 600 Index was down 0.2 per cent in London. The index gained 0.9 per cent on Wednesday, as industrial shares advanced on earnings reports, while positive data from China and the U.S. helped lift stocks most sensitive to economic growth.

Shares in Reckitt Benckiser Group Plc. rose 4 per cent. The group is in talks to buy baby-formula maker Mead Johnson Nutrition Co. for about $16.7 billion. Shares in Deutsche Bank AG were down 3.4 per cent after it reported fourth-quarter trading revenue that missed analysts’ estimates as concern about the company’s finances weighed on clients.


This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Leave a Reply

twelve + 15 =