Thyssenkrupp also dropped 1. Outside of Germany, the top faller was Old Mutual, down 6 percent after it posted a profit drop of 9 percent, which was a worse performance than had been expected.
Commodity stocks in the mining and oil sectors were the biggest fallers. Brent crude fell overnight, pegging back Wall Street and Asian shares, after data showed an unexpected build in U.
The FTSE underperformed, down 0. Belgian financial group KBC rose 5 percent, after reporting a year-on-year prompt internet earnings in net profit in the second quarter as loan and deposit volumes grew in most of its core markets and it kept costs low.
With 80 percent of companies having reported results on the STOXX60 percent have beaten or met expectations. Editing by Raissa Kasolowsky Breakingviews Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day.
A global team of prompt internet earnings 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time. All opinions expressed are those of the authors.