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European shares flat after mixed corporate results

Published 07/17/2019, 03:22 PM
Updated 07/17/2019, 03:30 PM
European shares flat after mixed corporate results

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
July 17 (Reuters) - European shares were flat in early
trading on Wednesday as investors parsed through a mixed bag of
corporate results, with rising Brexit uncertainty and trade
tensions limiting the gains.
The banking sector .SX7P fell 0.8%, led by Swedish banks,
as Handelsbanken SHBa.ST fell on poor results, while Swedbank
SWEDa.ST slipped after cutting its shareholder pay-out policy.
The tech sector .SX8P outperformed the broader market
after ASML ASML.AS reported better-than-expected quarterly
results.
The sector rose was up 0.6%, also helped by gains in mobile
network gear maker Ericsson ERICb.ST , which said it was
on-track for 2020 targets as second-quarter profit
matched. The pan-European stocks benchmark .STOXX slipped 0.07% at
0711 GMT, in what could be its first day of decline in four
days.


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