⁍ European stocks slipped on Tuesday after sharp declines in the previous session.
⁍ The pan-European STOXX 600 index .STOXX slipped 0.1% by 0820 GMT.
⁍ The German DAX .GDAXI was down 0.2% after hitting a four-month low.
– European stocks were lower in early trading today, after sharp declines in the previous session, as weakness in miners and automakers offset upbeat results from UK blue-chip companies HSBC and BP. The pan-European STOXX 600 index slipped 0.1% by 0820 GMT after closing at a one-month low on Monday, reports Reuters. The German DAX was down 0.2% after hitting a four-month low. UK’s FTSE 100 was boosted by a 5.6% jump in Europe’s biggest bank HSBC HSBA.L after the lender signaled a pandemic-induced overhaul of its business model, accelerating plans to shrink in size and slash costs. BP BP.L rose 1.6% as it swung back to a small profit in the third quarter. Among euro zone companies, French consulting and IT services provider Capgemini CAPP.PA jumped 5.7% after it confirmed its full-year targets. But miners .SXPP and automakers .SXAP fell more than 1%, dragging markets lower.
Source: https://www.reuters.com/article/us-europe-stocks/european-stocks-struggle-as-miners-lead-declines-idUSKBN27C10M