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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
TEF
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PNDORA
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STOXX
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SXKP
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SXPP
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(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.

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