European stock markets edge lower after mixed bag of company earnings

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Aer Lingus owner IAG was the biggest gainer on the FTSE 100 index

The FTSE 100 ended flat after a rally fizzled on worries of higher interest rates sparked by the Bank of Japan’s surprise tweak to its yield control policy, while AstraZeneca led gains in the pharmaceutical sector.climbed 3.3 per cent as it beat quarterly profit expectations., which also owns Aer Lingus, was the biggest gainer on the FTSE 100 index, up 6.6 per cent as its quarterly profit beat analyst forecasts by 40 per cent.

Rate-sensitive real estate stocks slipped 1.3 per cent as the UK 10-year gilt yield rose to its highest since July 18th earlier in the session.added 2.3 per cent after posting forecast-beating first-half profit as it reels from the abrupt departure of chief executive Alison Rose over a public spat with former Brexit Party leader Nigel Farage.The pan-European Stoxx 600 index ended 0.

Germany’s Dax index hit an intraday record and held on to most of the gains to close 0.39 per cent higher after data showed inflation resumed a downward trend in Europe’s largest economy. However, separate data showed the economy stagnated in the second quarter of 2023, missing forecasts for modest growth.rose 3.9 per cent as sales at the Birkin bag maker accelerated in the second quarter. French drugmakerslipped 2.

 

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