Miners, Weak Earnings Drag European Stocks Lower

Miners, Weak Earnings Drag European Stocks Lower
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany on Oct. 12, 2021. Staff/Reuters
Reuters
Updated:

European stocks retreated from six-week highs on Thursday, with miners leading the declines on renewed concerns about China’s property sector, while mixed quarterly updates from companies dampened risk appetite.

The Europe-wide STOXX 600 index fell 0.2 percent due to a dour mood in global markets following the collapse of a $2.6 billion asset sale at indebted developer China Evergrande Group.