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European stocks fell amid weak earnings


Brussels-SANA European stocks fell today, as the weak results of the American company Microsoft affected the work


European stocks fell today, as the weak results of the US software giant Microsoft affected the broader technology sector, while signs of improving economic prospects in the euro zone fueled concerns about further interest rate hikes.

Reuters reported that the European Stoxx 600 index fell 0.3 percent, recording a decline for the second day, while the technology and communications sectors fell the most, and Microsoft's share fell 1.6 percent in pre-opening trading on Wall Street.

Shares of BNP Paribas tumbled 1.4 percent after German authorities searched the offices of the French bank in Frankfurt as part of investigations into a multi-billion-euro tax fraud scheme.

German Rheinmetall, Leopard tank maker, rose 1.9 percent to a record high, and British stocks rose, supported by a 10.6 percent jump in EasyJet.

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Source: sena

All business articles on 2023-01-25

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