European stocks fell for the third consecutive session, Thursday, August 3, as higher US Treasury yields and disappointing earnings reports dampened sentiment ahead of the Bank of England’s interest rate decision.
The pan-European Stoxx 600 index fell 0.6% by 07:15 GMT, hitting its lowest level in two weeks.
Germany’s DAX index led losses in the region, with Infineon shares falling 9% after the chip maker expected a drop in fourth-quarter revenue as the situation in the semiconductor market remained unclear.
London Stock Exchange Group shares fell 3.5% after it announced its first-half reports.
While Societe Generale, the third largest bank listed in France, rose 3%. ING Group, the largest Dutch bank, rose 1.4% after reporting better-than-expected quarterly profit.
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