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Europe shares end lower amid disappointing bank earnings -2-
(Il Sole 24 Ore Radiocor) - London, 24 Jul - In European stock market dealings, German lender Deutsche Bank sank 8.32% at 14.38 euros in Frankfurt dealings after it reported its first quarterly loss in four years. The loss was however was slightly smaller than forecast.
Spanish peer Banco Santander rallied 3.03% at 4.7050 euros after it reported a 20% year-on-year increase in second-quarter net profit driven by growth in retail, wealth and consumer activity.
Luxury group LVMH sank 4.66% at 659.40 euros in Paris after its second quarter sales came in below analyst consensus.
Quarterly sales came in at 20.98 billion euros, with sales in Asia, excluding Japan, falling 14% in the second quarter from the same period a year earlier.
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(RADIOCOR) 24-07-24 18:32:11 (0722) 5 NNNN