LONDON (MarketWatch) — European stock markets moved lower on Thursday, breaking the longest winning streak of the year, as investors digested the latest round of earnings reports.
The Stoxx Europe 600 index (XX:SXXP) dropped 0.4% to 330.81, after closing higher for a sixth-straight day on Wednesday.
Click to Play
One-minute review: Nokia Lumia Icon Personal Tech Reporter Nathan Olivarez-Giles reviews the Nokia Lumia Icon, an exclusive Verizon Wireless flagship phone that promises impressive video recording.
With a busy day on the earnings front, several prominent firms helped push the pan-European benchmark lower after reporting results. Shares of BNP Paribas SA (FR:BNP) slumped 3.8% after the French bank said it was hit by a $1.1 billion legal provision, pushing fourth-quarter profit down 76%.
Top 5 Rising Stocks To Watch For 2015
Shares of Lloyds Banking Group PLC (UK:LLOY) (LYG) lost 3.8% after the U.K. bank posted a full-year loss as provisions for mis-selling payment-protection insurance continued to weigh on its bottom line.
FLSmidth & Co. AS (DK:FLS) slid 8% after the Danish engineering firm said it swung to a loss in the fourth quarter and cut its dividend.
The broader losses in Europe came after a solid winning streak, spurred by dovish comments from U.S. Federal Reserve Chairwoman Janet Yellen and by reassurance from European Central Bank President Mario Draghi that the bank stands ready to ease policy further if needed.
Earnings Wall Discuss key earnings announcements before and after results come in. Learn more
No comments:
Post a Comment