Earnings weigh on European stocks, sterling lower before Brexit votes

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European shares edged lower on Tuesday as talk of progress in China-U.S. trade talks was offset by mixed corporate earnings, while sterling ...

LONDON: European shares edged lower on Tuesday as talk of progress in China-U.S. trade talks was offset by mixed corporate earnings, while sterling retreated ahead of another vote on Brexit.

In Switzerland, drugmaker Novartis raised its 2019 target and reported better-than-expected revenue, while Apple supplier AMS climbed 6per cent as demand from smartphone makers boosted operating profit. MSCI's broadest index of Asia-Pacific shares outside Japan added a modest 0.4per cent, with a holiday in Tokyo keeping turnover light.

Meanwhile, euro zone government bonds dipped before votes in Britain's parliament crucial to determining whether the country can leave the EU in an orderly way at the end of the month.

 

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