(For a live blog on European stocks, type LIVE/ in an Eikon news window)
July 24 (Reuters) - European shares fell on Friday as global sentiment soured after Beijing ordered United States to close its consulate in a Chinese city in retaliation to similar action from Washington.
The pan-European STOXX 600 index .STOXX fell 1.5%, on track for its biggest one-day drop in a month, pushing it into losses for the week.
Technology stocks led losses following a sell-off in U.S. peers overnight, while the China-sensitive basic materials sector .SXPP lost 1.9% .N
Investors will be on the lookout for euro zone manufacturing and service PMIs due at 0800 GMT. After last month's rise, the numbers are expected to cross above the 50 point mark which separates contraction and growth, as businesses reopened after closures to stem the spread of the coronavirus. comes after data on Thursday showed euro zone consumer confidence fell in July. Gas owner Centrica CNA.L surged 30% to top the STOXX 600, despite posting lower first-half earnings as it announced plans to sell its North American business Direct Energy to NRG Energy (NYSE: NRG ) for $3.63 billion. energy company Equinor ASA EQNR.OL rose 0.5% after reporting an 89% drop in operating profit, while analysts had expected a loss. world's biggest lighting maker, Signify NV LIGHT.AS jumped 4.5% after a 62% jump in second-quarter net profit, and on plans to pay down 350 milllion euros ($406 million) in debt this year.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.