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MW: Europe gets slim support from China, earnings
 
By Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) — European stock markets wobbled on the edge of a fifth consecutive day of gains on Thursday, with some slim lines of support from Chinese economic data and well-received results from heavyweights Novo Nordisk AS and Nestlé SA.

The Stoxx Europe 600 index XX:SXXP +0.0074% rose 0.1% to 269.49, after barely eking out winning session number four on Wednesday, adding around 0.2%, as European markets tracked modest gains on Wall Street.

By Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) — European stock markets wobbled on the edge of a fifth consecutive day of gains on Thursday, with some slim lines of support from Chinese economic data and well-received results from heavyweights Novo Nordisk AS and Nestlé SA.

The Stoxx Europe 600 index XX:SXXP +0.0074% rose 0.1% to 269.49, after barely eking out winning session number four on Wednesday, adding around 0.2%, as European markets tracked modest gains on Wall Street.

A day after data that showed a bigger-than-expected fall in German industrial output, the DAX 30 DX:DAX -0.76% , was leading the downside for Europe’s regional indexes, off 0.7% to 6,920.31.

Contributing to the downside, shares of Commerzbank AG DE:CBK -5.26% fell 4.1%. The bank warned on second-half net profit, citing pressure on its revenue and loan books from challenging market conditions. Read: Commerzbank warns as crisis weighs on sales, loans .

Heavyweight Deutsche Telekom AG DE:DTE -3.24% added pressure with a 2.7% fall. The telecommunications group said it’s on track to reach its targets for the full year after a sharp rise in second-quarter net profit. Read: Deutsche Telekom confirms outlook as earnings rise.

The French CAC 40 index FR:PX1 -0.24% surrendered an earlier gain to trade down 0.3% to 3,430.85. Utility GDF Suez SA FR:GSZ -2.13% weighed with a 2.4% drop, followed by a 2% fall for Electricite de France SA FR:EDF -1.70% .

Shares of luxury-goods group LVMH Moët Hennessy Louis Vuitton SA FR:MC +1.07% rose 1.6%

In London, the FTSE 100 index UK:UKX -0.17% UK:UKX -0.17% UK:UKX -0.17% was flat at 5,842.01, supported by a 3.7% gain for Standard Chartered PLC UK:STAN +3.53% . HK:2888 +4.27% , which continued to claw back from a 16% rout earlier in the week. Citing persons close to the situation, the Financial Times reported Thursday that the bank is mulling a potential countersuit versus the New York state regulator that accused it of laundering money for Iran earlier in the week.

Shares of Randgold Resources Ltd. UK:RRS +2.10% rose 2% after the gold producer said second-quarter earnings beat forecasts, helped by increased gold output. Randgold also said its growth projects remain on track. See Randgold earnings beat views, projects on track .

Barbara Kollmeyer is an editor for MarketWatch in Madrid.
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