(For a live blog on European stocks, type LIVE/ in an Eikon news window)
Nov 14 (Reuters) - European shares dipped lower in early trade on Thursday, as a drop in Daimler shares and lackluster economic data from Asia as well as Europe, checked any gains from a handful of positive corporate updates.
Daimler DAIGn.DE slumped more than 3% after the German carmaker said tougher emissions rules will hit earnings in 2020 and 2021, forcing it to seek more than 1 billion euros in personnel cuts at Mercedes-Benz Cars by end of 2022. data showed Germany's output grew 0.1% in the third quarter compared with the previous three months, defying investors expectation that Europe's economic powerhouse will slide into a recession. the numbers were not strong enough to dispel growth fears as China's factory output growth slowed significantly more than expected in October and Japan's economy ground to a near standstill. in genetic testing company Qiagen QIA.DE shot to the top of the STOXX 600, jumping 12.4% after Bloomberg reported scientific instruments maker Thermo Fisher Scientific (NYSE: TMO ) TMO.N had approached company about a potential deal. luxury brand Burberry's shares BRBY.L rose 8.7% after it said the popularity of collections by designer Riccardo Tisci boosted sales in its second quarter.
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.