This post was originally published on this site
By 0710 GMT, the pan-European STOXX 600 index slipped 0.4%, the German DAX was down 0.2% and France’s CAC 40 fell 0.5%.
German business software group SAP rose 2.6% after it raised its full-year outlook for a third time following a strong quarterly showing as more customers shift their IT operations to the cloud.
French luxury goods maker LVMH inched down 0.1% as overall revenue growth in Asia and the United States eased after stellar first-half performance.
Online food ordering and delivery service Just Eat Takeaway.com was the biggest decliner on STOXX 600, down about 5%, after its third-quarter orders fell short of analysts’ estimates.
Apple (NASDAQ:AAPL) suppliers including STMicroelectronics, Infineon (OTC:IFNNY) Technologies and AMS fell between 1% and 2% after Bloomberg reported the company is likely to slash production of its iPhone 13.
