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.
The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
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.
Please remember that investments of any type 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.