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European stocks inch up as tech gains offset losses in Ericsson

Oct 19 (Reuters) – European stocks inched greater on Tuesday as expertise shares rose, mirroring in a single day gains in their Wall Street friends and offsetting losses in Sweden’s Ericsson and healthcare corporations.

The pan-European STOXX 600 (.STOXX) rose 0.1% by 0708 GMT, with expertise stocks up 0.7%.

Telecom tools maker Ericsson (ERICb.ST) fell 3% as successful from world provide chain issues overshadowed stronger-than-expected third-quarter core earnings, whereas French meals group Danone (DANO.PA) slipped 1.3% after recording rising prices and slower gross sales development in the third quarter. learn extra

Swedish telecoms operator Tele2 (TEL2b.ST) was down 2.3% after posting quarterly core earnings in line with market expectations.

Reporting by Anisha Sircar and Sruthi Shankar in Bengaluru; Editing by Anil D’Silva

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 8, 2021. REUTERS/Staff

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