Banks And Daimler Cast Pall Over European Stocks; CRH, Dassault Rally | 2/4/2019 | Staff
trainman (Posted by) Level 3
LONDON (Reuters) – European shares were slightly lower on Wednesday as weak results from banks, including BNP Paribas, and carmaker Daimler brought an end to the market’s six-day rally.

Europe’s STOXX 600 fell 0.1 percent in early deals, with the index stalled near the more than two-month highs hit on Tuesday. Germany’s trade-sensitive DAX was down 0.4 percent and France’s CAC 40 fell 0.3 percent.

President - US - Donald - Trump - State

President U.S. Donald Trump’s combative State of the Union added to gloom on markets as he unveiled no new infrastructure initiatives and instead raised the prospect of another shutdown should financing for the Wall not be forthcoming.

Daimler fell to the bottom of the DAX, down 1.9 percent, after the German carmaker said fourth-quarter operating profit fell 22 percent, as trade wars and ballooning costs for developing electric and self-driving cars hit profits at Mercedes-Benz cars.

Auto - Makers - Suppliers - Percent

Auto makers and suppliers were down 0.6 percent.

Banks were the biggest drag on the STOXX 600, with...
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