European shares slip as China worries overshadow robust earnings

- European shares edged lower on Wednesday as signals that China has put broader stimulus on hold overshadowed strong earnings from the likes of SAP and Credit Suisse.

“The market is taking some cue from the slowing of stimulus in China,” said Stefan Koopman, Market Economist, Eurozone, Rabobank. Business software company SAP soared to an all-time high and boosted the DAX after the company set ambitious new mid-term targets and as activist investor Elliott Management disclosed a 1.2 billion euro stake in the company.

Results from Credit Suisse will be followed by UBS Group AG and Barclays on Thursday and Deutsche Bank on Friday.

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