2024-02-28 10:13:11
European stocks fell, on Wednesday, due to weak profits for a number of companies, while global markets awaited inflation data that will be released this week in the United States and Europe to clarify when interest rates may begin to be cut this year.
The European STOXX 600 index fell 0.1 percent by 0820 GMT.
The technology companies sub-index fell 0.6 percent, affected by a 2 percent decline in the shares of ASM International, a Dutch semiconductor equipment maker, after fourth-quarter revenues declined year-on-year.
The British company Reckitt did not achieve the expected net sales for the fourth quarter, and attributed this to a decline in sales of products related to the cold and flu season. Shares of the consumer goods company fell 8.8 percent, while the index of personal and household goods companies generally fell 0.7 percent, leading to losses in the sector.
The shares of the French payment and transaction services company Worldline fell 13.4 percent after announcing an annual loss of 1.15 billion euros ($1.25 billion).
On the data front, investors are awaiting the consumer confidence index data in the euro zone during February, which is scheduled to be released at 1000 GMT.
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