Sonova slumps as sluggish European stocks make little progress
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* Sonova slumps after missing financial targets
* Renewed prospect of U.S. rate hike impacts equities
* Goldman Sachs cuts equities to "neutral"
By Sudip Kar-Gupta
LONDON, May 18 (Reuters) - European stock markets dipped lower on Wednesday, weighed down by renewed expectations of U.S. interest rate rises this year, and some weak corporate earnings.
The pan-European FTSEurofirst 300 index declined by 0.2 percent, while the euro zone's blue-chip Euro STOXX 50 index fell 0.4 percent.
Swiss hearing aid maker Sonova was among the worst-performing stocks in Europe, slumping 8.3 percent after missing its full-year sales and profit targets.
On Tuesday, data showed that U.S. consumer prices recorded their biggest increase in more than three years in April, pointing to a steady inflation build-up that could give the Federal Reserve ammunition to raise interest rates later this year. Continuación...