Europe shares moderately lower; earnings, data in focus -2-
Deutsche Bank; LVMH dip; Banco Santander rallies (Il Sole 24 Ore Radiocor) - Milan, 24 Jul - In the region's stock market dealings most sectors were lower, with household goods and technology shares leading the losses while travel and leisure stocks rose.
German lender Deutsche Bank sank 4.80% 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 2.23% 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 4.15% 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 13:42:36 (0465) 5 NNNN