European equities edged lower on Wednesday as investors digested a slew of earnings reports, with commodity-related stocks and British bank Lloyds under pressure, though well-received results from Santander buoyed Spanish stocks.
The pan-European STOXX 600 index was down 0.3 per cent, as a pullback in oil prices and miners were hit 6.5 per cent drop in Antofagasta’s shares after its results.
British banking stock
Earnings weighed on chemical company
It was joined by Finnish packaging firm Huhtamaki , which fell 8.5 per cent after its own update fell short of expectations.
However, Spain’s IBEX outperformed, rising 0.1 per cent after Banco Santander beat forecasts, sending shares up 1 per cent.
Logitech jumped more than 11 per cent after it saw a rise in Q2 retail revenue, while Kering also rose naerly 8 per cent after its Gucci unit posted its first double digit growth since 2012.