U.S. Markets close in 1 hr 14 mins
  • S&P 500

    4,588.47
    +21.47 (+0.47%)
     
  • Dow 30

    34,544.34
    +60.62 (+0.18%)
     
  • Nasdaq

    15,527.55
    -10.14 (-0.07%)
     
  • Russell 2000

    2,192.76
    -6.15 (-0.28%)
     
  • Crude Oil

    65.84
    -0.34 (-0.51%)
     
  • Gold

    1,782.00
    +5.50 (+0.31%)
     
  • Silver

    22.31
    -0.51 (-2.24%)
     
  • EUR/USD

    1.1321
    -0.0018 (-0.1585%)
     
  • 10-Yr Bond

    1.4480
    +0.0050 (+0.35%)
     
  • Vix

    25.72
    -1.47 (-5.41%)
     
  • GBP/USD

    1.3280
    -0.0021 (-0.1594%)
     
  • USD/JPY

    112.8490
    -0.3310 (-0.2925%)
     
  • BTC-USD

    57,545.69
    -62.68 (-0.11%)
     
  • CMC Crypto 200

    1,469.46
    +0.38 (+0.03%)
     
  • FTSE 100

    7,168.68
    +109.23 (+1.55%)
     
  • Nikkei 225

    27,935.62
    +113.86 (+0.41%)
     

Miners, mixed earnings drag down European stocks

·1 min read

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

Oct 27 (Reuters) - European stocks slipped on Wednesday, with miners in the lead after concerns about Chinese intervention hit metal prices, while mixed corporate earnings reports kept investors on edge.

The pan-European STOXX 600 fell 0.2% but held just below its record high hit in August. Asian tech stocks slid on the back of a spike in short-term U.S. Treasury yields and new regulatory concerns in China.

European miners fell the most with a 1.4% drop, as Chinese steel futures declined with raw material prices plunging amid government intervention to cool commodity prices.

Deutsche Bank slid 2.9% despite posting a better-than-expected quarterly profit, while Swedish-listed online gambling operator Kindred Group slumped 12.7% to the bottom of STOXX 600 after quarterly results.

Meanwhile, electrical equipment maker Schneider Electric jumped 3.1% after it reported a better-than-expected quarterly revenue growth.

Swiss software specialist Temenos surged 14.1% after a report that buyout firm EQT AB was in the early stages of considering a bid for the firm.

(Reporting by Anisha Sircar in Bengaluru; Editing by Subhranshu Sahu)