11-12-13 4:29 AM EST | Email Article
 

By Sara Sjolin, MarketWatch

 

LONDON (MarketWatch) -- European stock markets traded mostly lower on Tuesday, as investors assessed the latest round of earnings reports from prominent firms such as Vodafone Group PLC and Infineon Technologies AG.

 

The Stoxx Europe 600 index fell 0.2% to 322.78, retreating from the highest closing level since May 2008, reached on Monday.

 

Among country-specific indexes, the U.K.'s FTSE 100 index lost 0.4% to 6,698.95, while France's CAC 40 index gave up 0.2% to 4,282.55. Germany's DAX 30 index slipped 0.1% to 9,099.92.

 

Shares of Infineon Technologies dropped 3.4% in Frankfurt after the chip maker reported fourth-quarter revenue slightly below expectations.

 

Norsk Hydro ASA slid 5.5% after the aluminum company said Brazilian miner Vale SA (RIO) has sold its stake in the Norwegian firm.

 

Vodafone Group (VOD) lost 0.4% after the wireless-telecoms giant reported a decline in revenue for its existing services business, its so-called organic service-revenue.

 

On a more upbeat note, shares of TalkTalk Telecom Group PLC rallied 5.8% after the TV and telecoms firm raised its full-year revenue-growth guidance to at least 3% from 2%.

 

Swiss Life Holding AG jumped 5.8% after the insurance firm said generated premium-income climbed 6% in local currencies in the first nine months of the year.

-Sara Sjolin; 415-439-6400; AskNewswires@dowjones.com

 

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(END) Dow Jones Newswires

11-12-13 0429ET

Copyright (c) 2013 Dow Jones & Company, Inc.
Copyright 2014 MarketWatch
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Morningstar - 2013/11/12 - Europe stocks slip with earnings in focus; Vodafone off
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