Modest result casts a shadow on European equities at the outset



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(Reuters) – European stocks opened flat on Wednesday with dark indicators from Deutsche Bank, Aston Martin and Daimler, as well as falling commodity stocks as investors waited for data from the manufacturing and trading sectors. services.

The shares of Deutsche Bank, the largest German bank and changing to restructure its business, have lost more than 4% after recording losses larger than expected, while the luxury car manufacturer Aston dropped 23% after reducing its forecast of annual wholesale sales.

The impact of this negative news has dampened the positive signs of the US-China trade talks and the possibility of a message from the European Central Bank (ECB) on Thursday, as well as positive business results such as than the French manufacturer Peugeot and the German chemical manufacturer Kfistro.

At 0712 GMT, the Stoxx 600 remained unchanged from its previous close.

Commodities fell by 1.5%, as iron ore fell and Credit Suisse reduced Rio Tinto's stock to "below market performance", bringing it down by 3%. %.

Shares of Infineon, STM Microelectronics and Celtic rose 1.6 to 2.6% after Texas Instruments announced that the global slowdown in demand for electronic chips would not last as long as expected.

Chip actions helped the tech sector to climb 0.8%.

(Reuters)

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