European shares slide on U.S. earnings, Chinese data

miércoles 14 de octubre de 2015 12:42 GYT
 

* FTSEurofirst 300 and Euro STOXX 50 down nearly 1 pct

* Wal Mart's weak forecast, China data weigh on sentiment

* ASML, Skanska hit by weak business updates

* New business in-flows lift Hargreaves Lansdown shares

By Danilo Masoni

MILAN, Oct 14 (Reuters) - European shares ended lower for a third consecutive session on Wednesday on disappointing U.S. earnings and concerns about deflationary pressures in China, while technology group ASML and builder Skanska declined after weak business updates.

The pan-European FTSEurofirst 300 index fell 0.8 percent while the euro zone's blue-chip Euro STOXX 50 index declined by 0.9 percent. Some investors were taking profits after a rebound last week.

European stocks have retreated from peaks reached in April due partly to the signs of weakness in China, the world's second-biggest economy and a major overseas market for European companies such as carmakers and luxury goods groups.

Consumer inflation in China eased more than expected in September, data showed, while producer prices fell for the 43rd straight month.   Continuación...