Disappointing results and trade tensions weigh on European stock markets

European stock markets began to fall Friday under the automobile and banking stocks, in a context of trade tensions that have already caused a decline in the Chinese yuan The shares The automotive sector, the most sensitive to trade tensions at a time when US authorities plan to impose tariffs on car imports, were the worst performers, down 1.1%, after benefitting from A respite this week.

Financial stocks weighed on the pan-European STOXX 600 index in a context of deteriorating Sino-US relations, investors bought in sectors such as health and consumer staples, considered less risky. The STOXX 600 dropped 0.1% as corporate earnings announcements fell, with some major disappointments leading to a fall in equities.

Paper maker Stora Enso lost 11.9% after announcing that Q2 earnings did not meet expectations due to production problems, maintenance and wood shortage .

South UPM-Kymmene rival, down 3.6%, Huhtamaki's paper wrappers also left 6.5% after the announcement of the results.

The British insurer Beazley lost 12.7% and was the worst value of the STOXX after recording a 64% decline in first-half earnings to be affected by rising interest rates at United States. Faurecia began to climb after announcing an improvement in earnings in the first half and raised its forecasts, but its shares continued to report 5.2%, badysts said disappointing the growth of its margins.

Values ​​on the rise highlighted Recordati and Orion, both of which benefited from the improved recommendation of "brokers".

Meanwhile, in a season of results where investors are focusing on companies' future forecasts, Warnings were unhappy with certain shares

The share of Wessanen's food processing business plummeted 22% in one year after the company reduced its outlook for organic growth for the year to "moderate".

Belgian steelmaker Bekaert plunged 25% to its lowest level in five years after announcing 20-year adjusted operating profit Percentage lower than badysts' estimates for the first half , due to the increase in wire rod costs attributable in part to customs duties.