European stocks fall as healthcare, construction sectors drag

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European shares fell for a third straight session on Wednesday, as losses in healthcare and construction stocks countered a lift from encouraging earnings from consumer giant Nestle and telecoms equipment maker Ericsson.

lifted its 2020 sales forecast following a quarterly beat, but shares inched lower after early gains.jumped 5.5% as higher margins and China's 5G rollout helped the company beat quarterly core earnings estimates.

“But there are other elements that are currently at play and may have a bigger impact on the market performance than earnings.”

 

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