European shares end marginally lower as tech sell-off stymies advances
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
STOXX 600 closes down 0.2%
ECB keeps rates unchanged at 3.75%
Volvo Cars rise on Q2 adjusted EBIT beat
Husqvarna slides on Q2 sales drop
Updated at 1600 GMT
By Shristi Achar A, Pranav Kashyap and Shashwat Chauhan
July 18 (Reuters) -European shares ended lower on Thursday as a continued selloff of chip stocks kept a lid on gains brought on by some positive corporate updates, while investors assessed the European Central Bank's latest verdict to keep lending rates steady.
The continent-wide STOXX 600 .STOXX closed 0.2% lower, extending losses to a fourth straight session.
The ECB kept interest rates unchanged as expected but said September's meeting was "wide open" as it downgraded its view of the euro zone's economic prospects and predicted that inflation would keep on falling.
"What (ECB President) Christine Lagarde is trying to do is she's trying to buy a bit of time ... the labour market still remains quite strong and that is allowing the ECB to take that time," Aneeka Gupta, director, macroeconomic research at WisdomTree said.
"Instead of giving that firm forward guidance for September, she continues to remain quite data dependent, primarily to allow her to keep all her options open."
Yields on government bonds across the continent eased, while the euro EUR=EBS fell 0.2% against the dollar. GVD/EUR
The tech index .SX8P extended declines to a fourth session, falling 1.8% with chip stocks like ASML ASML.AS, ASM International ASMI.AS and BE Semiconductor BESI.AS amongst the laggards.
Chip stocks around the world came under pressure on Wednesday following a report that the U.S. has told its allies it is considering using the most severe trade restrictions available in its chip crackdown on China.
On the bright side, autos .SXAP jumped 1.2% with Volvo Cars VOLCARb.ST accelerating 11% after the Swedish automotive producer's second-quarter adjusted EBIT beat expectations.
EssilorLuxottica ESLX.PA gained 1.5% after a news report said Facebook-parent Meta META.O is exploring a stake in the Ray-Ban maker.
Swedish truckmaker AB Volvo VOLVb.ST jumped 5.9% after posting a bigger than expected rise in second-quarter operating profit.
Publicis PUBP.PA added 3% as the French advertising group upgraded its organic growth guidance after beating expectations for the second quarter.
Swedish medical equipment maker Getinge GETIb.ST advanced 10.7% after beating second-quarter earnings forecasts, while Swedish property platform operator Hemnet HEM.ST added 13.5% after beating estimates on second quarter results.
Husqvarna HUSQb.ST slumped 13.2% after the Swedish garden equipment and tools maker said quarterly sales dropped 9% due to cautious consumer spending.
Finnish telecom equipment maker Nokia NOKIA.HE shed 5% after reporting a 32% decline in quarterly profit.
ABB ABBN.S slipped 5.6% as the Swiss engineering group's second quarter revenue fell short of expectations.
Reporting by Shristi Achar A, Pranav Kashyap and Shashwat Chauhan in Bengaluru; Editing by Eileen Soreng and Savio D'Souza
Aset Berkaitan
Berita Terkini
Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
