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European stocks were flat to slightly lower on Thursday amid lingering U.S. rate hike woes and concerns over Chinese growth.<\/p>\n
As recession worries mount, investors await a speech from European Central Bank President Christine Lagarde at two different events for directional cues. <\/p>\n
The pan European STOXX 600 slipped 0.1 percent to 435.62, heading into the Fed, ECB and Bank of England rate-setting meetings due next week. <\/p>\n
The German DAX and France’s CAC 40 index were slightly lower while the U.K.’s FTSE 100 was largely unchanged. <\/p>\n
Swiss drug maker Novartis AG edged up slightly after announcing that its investigational oral monotherapy iptacopan showed positive outcomes in patients with rare blood disorder. <\/p>\n
Hargreaves Lansdown was marginally higher after announcing the appointment of Dan Olley as Chief Executive Officer to succeed Chris Hill.<\/p>\n
British American Tobacco tumbled almost 3 percent after it forecast revenue growth between 2 percent and 4 percent at constant currency rates for the year ending December 31.<\/p>\n
Frasers plunged 7 percent despite posting a jump in sales and profits for the past six months.<\/p>\n
DS Smith gained 1 percent after raising dividend and sounding upbeat on its annual performance.<\/p>\n
Shares of automaker Renault were down 1 percent in Paris. The company said its new mobility unit Mobilize and deputy CEO of the group Clotilde Delbos has resigned. <\/p>\n<\/p>\n
Business News<\/p>\n<\/div><\/div>\n