European stocks inch up as tech gains offset losses in Ericsson

  • 10/19/2021
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(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Oct 19 (Reuters) - European stocks inched higher on Tuesday as technology shares rose, mirroring overnight gains in their Wall Street peers and offsetting losses in Sweden’s Ericsson and healthcare companies. The pan-European STOXX 600 rose 0.1% by 0708 GMT, with technology stocks up 0.7%. Telecom equipment maker Ericsson fell 3% as a hit from global supply chain problems overshadowed stronger-than-expected third-quarter core earnings, while French food group Danone slipped 1.3% after recording rising costs and slower sales growth in the third quarter. Swedish telecoms operator Tele2 was down 2.3% after posting quarterly core earnings in line with market expectations. (Reporting by Anisha Sircar and Sruthi Shankar in Bengaluru; Editing by Anil D’Silva)

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