European Stocks Largely Lower, Tech Weakens

Dow Jones
08/18

0724 GMT - European stock indexes largely slip as higher oil prices and borrowing costs weigh. Technology and industrial stocks fall as the continentwide Stoxx Europe 600 slips 0.3%. Germany's DAX is down 0.35%, dragged by a 2.4% fall for chip maker Infineon Technologies. Industrial giant Siemens loses 0.9%. The CAC 40 falls 0.2% in Paris, where STMicroelectronics loses 3.1% while Schneider Electric drops 1%. In Amsterdam, the AEX slips 0.2% as ASML drops 1.5%. Italy's FTSE MIB drops 0.45%. Oil majors BP and Repsol add 1.9% and 1.2%, respectively, supporting indexes in London and Madrid. Both the FTSE 100 and IBEX 35 add 0.1%.

 

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