European stocks dropped on Tuesday as the worst earnings season since 2020 rolled on. BMW AGBloomberg Terminal led auto stocks lower after it warned of higher expenses for developing electric vehicles.
The Stoxx 600 Index fell 0.9% by the close in London, with automakers leading declines in a sea of red for Europe. Greggs Plc slid after the bakery chain posted first-half results that were not strong enough to sustain its rally. Meanwhile, Diageo Plc shares gained on better-than-expected sales.
ncG1vNJzZmivp6x7o7jOqKSbnaKce6S7zGilnq%2BjZK6zwMico56rX2d9c3%2BMaW9maGFksra%2BzqmcmqZdqMGwr8qsZKatpJqxbsPHoqOeZaWgerDB06mcq56fp7q0ec6nZKGrkph6o7yMnpirppmjtLQ%3D