Weak earnings drag European stocks lower ahead of ECB meeting

European shares eased from one-month highs on Thursday as a batch of weak earnings and mixed economic data from China dented sentiment, while investors waited to hear from the European Central Bank.

Europe's luxury goods group Richemont SA fell 5.3per cent as its quarterly sales almost halved, and it gave no details on current trading or the outlook. "The data that came out from China was not terrible by any means, but if you look at consumers, it was not as strong as what investors may have hoped," Rabobank strategist Bas van Geffen said.

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China's economy rebounds in second quarter after steep slump, consumption and investment still weakChina's economy returned to growth in the second-quarter after a deep slump at the start of the year, data showed on Thursday, as lockdown ...
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