European shares fall amid trade tensions .. And new sanctions on Russia! – Al Marsad

LONDON (Reuters) – European shares fell in a number of sectors on Thursday as a new set of corporate results sparked sharp price volatility but did not dispel fears of geopolitical tensions amid the US-China trade dispute and new sanctions on Russia.

By 0725 GMT, the Stoxx 600 index of European shares fell 0.4 percent amid heavy losses in Paris and London, with the French CAC 40 and the British Financial Times losing 0.6 percent each.

The current business season has also led to sharp moves among companies publishing second-quarter results. Germany’s Adidas sportswear was also the best performer after second-quarter results outperformed, jumping 9 percent.

But German shares fell 8 percent, after third-quarter results from its fiscal year were disappointing, as the company attributed the weakness of European travel to a summer heat wave.

Investors also welcomed news of the resignation of Pandora’s chief executive days after a profit warning and job cuts were announced. Danish jewelers also rose 6.5 percent.

Source Reuters.

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