European Stocks Slip in Early Trading

European stocks opened lower Thursday, following Asian equity markets downward after a string of disappointing earnings reports from large U.S. companies.

The Stoxx Europe 600 index pulled back 0.27% shortly after markets opened, led by a 0.38% drops in the U.K.'s FTSE 100 index and France's CAC 40.

Consumer confidence data from Germany released early Wednesday morning showed slightly weaker sentiment than expected at 9.7, its lowest reading since June and below the 10 that analysts had forecast.

Asian stocks were broadly lower, with Hong Kong's Hang Seng down 0.87%, and China's Shenzhen A-share index down 0.52%. Japanese equities bucked the trend, and the Nikkei 225 index closed up 0.15%.

After falling by as much as 1.1% intraday on Tuesday, sterling was largely flat against the dollar, at $1.216. The pound fell by another 0.23% against the euro, to €1.115.

Write to Mike Bird at Mike.Bird@wsj.com

(END) Dow Jones Newswires

October 26, 2016 04:35 ET (08:35 GMT)

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