European markets slightly lower amid earnings; Nokia shares tank 10%
Thursday, 25 April 2019 15:25 WIB | MARKET UPDATE |Indeks Stoxx Europe 600Saham Eropa

European stocks were lower Thursday morning, as market participants monitored another deluge of corporate earnings.

The pan-European Stoxx 600 was down around 0.3% during early morning deals, with most sectors and major bourses in negative territory.

Market focus is largely attuned to corporate results, as investors reacted to another flurry of earnings reports.

Europe™s banking index was among those to lead the losses shortly after the opening bell, down around 0.8% amid earnings news. Swedbank was the worst performer, with shares down around 3% after it admitted to previous shortcomings in tackling money laundering.

Barclays first-quarter profit fell 10% over the first three months of the year, amid challenging market conditions and lingering concerns over Brexit. Shares of the U.K.-based bank slipped over 1%.

Meanwhile, Nokia reported a surprise quarterly loss on Thursday, citing tough competition in its core networks business. Shares of the Finnish telecom network equipment maker tumbled more than 10% on the news.

Source: CNBC

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