Sluggish European stocks knocked by rates talk, Sonova slump

miércoles 18 de mayo de 2016 07:16 GYT
 

* Sonova slumps after missing financial targets

* Renewed prospect of U.S. rate hike impacts equities

* Goldman Sachs cuts equities to "neutral" (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

By Sudip Kar-Gupta and Alistair Smout

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 from the likes of Switzerland's Sonova.

The pan-European FTSEurofirst 300 index declined by 0.2 percent to 1,312.94 by 1055 GMT, while the euro zone's blue-chip Euro STOXX 50 index also fell 0.2 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.

A U.S. Federal Reserve policymaker also said he would push for an interest rate hike in June or July while two others still saw up to three rate increases this year, leaving the door open to a change in monetary policy relatively soon.   Continuación...