European stocks fell, posting their
worst start to the year since 2010, as companies from Electrolux
AB to Vedanta Resources Plc dropped after reporting results.
Electrolux slid the most since August 2011 after earnings missed analysts’ estimates. Vedanta Resources Plc lost 3.6 percent after saying copper output in Zambia, Australia and India declined. LVMH Moet Hennessy Louis Vuitton SA jumped 7.9 percent after reporting growth in fashion and leather-goods sales rebounded in the fourth quarter.
The Stoxx Europe 600 Index slipped 0.3 percent to 322.52 at the close of trading, paring earlier losses of as much as 1.7 percent. The equities measure declined 1.8 percent this month as emerging-market currencies tumbled, a Chinese manufacturing gauge contracted and the Federal Reserve slowed its pace of bond buying. The index fell 0.7 percent this week.
Read more: European Stocks Decline, Posting Worst January Since 2010 - Bloomberg
Electrolux slid the most since August 2011 after earnings missed analysts’ estimates. Vedanta Resources Plc lost 3.6 percent after saying copper output in Zambia, Australia and India declined. LVMH Moet Hennessy Louis Vuitton SA jumped 7.9 percent after reporting growth in fashion and leather-goods sales rebounded in the fourth quarter.
The Stoxx Europe 600 Index slipped 0.3 percent to 322.52 at the close of trading, paring earlier losses of as much as 1.7 percent. The equities measure declined 1.8 percent this month as emerging-market currencies tumbled, a Chinese manufacturing gauge contracted and the Federal Reserve slowed its pace of bond buying. The index fell 0.7 percent this week.
Read more: European Stocks Decline, Posting Worst January Since 2010 - Bloomberg
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