Expectations of weak corporate results European stocks fall

 

LONDON (Reuters) - European shares touched their lowest level in a week on Tuesday, influenced by expectations of weak business results from companies such as Ericsson and Akzo Nobel but Zalando shares to sell fashion online ascended strong upwards.
And closed the European index Stoxx 600 and its counterpart, the FTSEurofirst 300 down 0.4 percent after touching its lowest level in a week earlier in the session. The Stoxx 600 Low around eight percent in 2016.
Shares of Ericsson telecommunications equipment 5.9 percent and was the worst performer on the Stoxx 600 after the company forecast comparable sales decline for the third year in a row.
He said Susan Anthony European equities analyst at Mirabaod Securities hanging on the results of Ericsson's "disappointing results from a new forecast is not encouraging."
And went down shares of Akzo Nobel Dutch chemical 4.3 percent. And it exceeded the company's earnings in the second quarter of the year, analysts' forecasts, but warned that exchange rate fluctuations and pricing pressures contraction, which cast a shadow over the results tend to continue.
In contrast Zalando shares rose 22 percent after it raised the largest European company specialized in selling fashion online forecast earnings for the year and the entire announced a jump in initial Alambiat second quarter