Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Jeweler Pandora's sales warning leads Europe lower

Published 11/05/2019, 04:26 PM
Updated 11/05/2019, 04:32 PM
Jeweler Pandora's sales warning leads Europe lower

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Nov 5 (Reuters) - European shares dipped slightly on
Tuesday, a day after hitting their highest levels since 2015,
with a sales warning from Danish jewellery maker Pandora
dragging on the benchmark index.
The pan-European STOXX 600 index .STOXX fell 0.1%,
although declines were capped by a positive tone around
U.S.-China trade talks.
Pandora PNDORA.CO fell to the bottom of the index, with a
12% slide, as it warned of a steeper-than-expected fall in sales
this year. The telecoms index .SXKP fell 0.9%, hurt by a 2% fall in
shares of Spanish telecoms group Telefonica TEF.MC after it
posted quarterly profit below analysts' forecast.
Tariff-hit miners .SXPP gained the most among the major
European sub-sectors after reports that China was pushing U.S.
President Donald Trump to rollback more tariffs imposed in
September as part of a "phase one" trade deal.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.