Disappointing earnings, trade tensions send European shares south
European shares tumbled on Friday.
European shares tumbled on Friday as autos and banks stocks gave up their gains amid rising trade tensions which has resulted in a sell-off in the Chinese yuan and U.S. stock markets overnight.
Among rare gainers were Recordati and Orion, both gaining from broker recommendation upgrades.
Belgian steel wire maker Bekaert plunged 25 percent to a five-year low after it said it expected underlying operating profit 20 percent below analysts' estimates in the first half, blaming wire rod costs partly driven up by tariffs.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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