4/25, 9:15 AM (Source: TeleTrader)
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Stocks in Europe lower as earnings season continues

Equities on major stock markets in Europe were lower minutes after the start of Thursday's trading session as investors focused on last night's and today's corporate earnings. In the United Kingdom, the Competition and Markets Authority officially blocked the merger between Sainsbury's and Asda. Royal Bank of Scotland announced its CEO Ross McEwan resigned from his post. Germany's fintech company Wirecard reported 2018 earnings while addressing the allegations of fraud and false accounting practices.

The FTSE 100 was down 0.69% at 9:15 am CET, weighted down by the Legal & General Group's 4.84% tumble. The DAX dropped 0.14% as ThyssenKrupp fell 1.48%. In France, the CAC 40 decreased 0.23%, with Peugeot sliding 2.59%.

The euro was flat against the dollar to change hands for $1.11537 at 9:14 am CET, while the pound grew just 0.05% to $1.29094 at the same time.

Breaking the News / MD