European markets fell sharply on Thursday, with a shakeout in corporate earnings and a sell-off on Wall Street taking center stage.
The Greek stock market is also falling, with heavy pressure on Eurobank due to a dividend cut, but this is offset by the jump in OTE shares.
The regional Stoxx 600 index fell 1.38%, while technology stocks fell 2.57%. The DAX lost 1.17%, while the French CAC lost 2%.
Consumer goods giant Unilever rose 6.5% as it updated full-year guidance.
Investors are now assessing results from companies including Nestle, carmaker Renault and Roche. Stellantis, maker of Jeep and Dodge brands, reported a 48 percent drop in first-half net profit, attributing the decline to lower volumes, temporary production gaps and lower market share in North America.
Meanwhile, shares in French luxury group Kering fell to a seven-year low due to of the sharp drop in revenues.
Attention will also be paid to the US tech sell-off, where the Nasdaq Composite and S&P 500 both recorded their worst meetings since 2022after the disappointing results from Alphabet and Tesla.
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