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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European shares dip as China policy concerns temper earnings boostEuropean shares pulled back from eight-month highs on Wednesday as worries over ...
Source: Reuters - 🏆 2. / 97 Read more »

World shares fall as China stimulus worries offset upbeat Credit Suisse earningsWorld shares took a step back on Wednesday as signals that China has put broader...
Source: Reuters - 🏆 2. / 97 Read more »

Stocks rise at the open after strong earnings and China economic dataStocks rose on Wednesday as sentiment was lifted by stronger-than-expected corporate earnings and solid economic data out of China. Good news, but not even close to being tired of winning realDonaldTrump
Source: CNBC - 🏆 12. / 72 Read more »