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European stocks were moving lower on Thursday as investors digested mixed earnings results and reacted to news about the collapse of a $2.6 billion asset sale at heavily indebted developer China Evergrande Group.<\/p>\n
China Evergrande reportedly won a more than three month extension to the maturity of a $260 million bond, a day after a deal to sell a $2.6 billion stake in its property services unit failed.<\/p>\n
The pan European Stoxx 600 was down 0.2 percent at 469.31 after having risen 0.3 percent on Wednesday to reach its highest level in six weeks. <\/p>\n
The German DAX edged down 0.1 percent, France’s CAC 40 index slipped 0.4 percent and the U.K.’s FTSE 100 was down 0.3 percent. <\/p>\n
Miners Glencore and Anglo American fell 3-4 percent in London on fears that Evergrande’s debt troubles could hit China’s broader economic recovery.<\/p>\n
Instrumentation company Spectris rose over 1 percent after putting on a solid third-quarter trading performance.<\/p>\n
Swiss engineering and tech group ABB plunged 5 percent after lowering its full-year sales guidance.<\/p>\n
Online pharmacy Zur Rose lost 6.8 percent despite the company reporting significant revenue growth in all markets<\/span>. <\/p>\n Consumer goods giant Unilever jumped 3.2 percent after its third-quarter sales growth beat forecasts. <\/p>\n Online food ordering company Just Eat Takeaway.com dropped 2 percent despite backing its FY21 view. <\/p>\n French railway company Getlink lost 2 percent after reporting a fall in third-quarter revenue.<\/p>\n Carrefour advanced 1.6 percent. The retailer kept its guidance for FY 2021 net free cash flow “comfortably” above 1 billion euros.<\/p>\n Software AG rallied 2.6 percent after reporting a rise in Q3 profit.<\/p>\n SAP advanced 1.3 percent. The software group confirmed its preliminary third-quarter results and full-year guidance. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n