U.S. tariffs weigh on Europe stocks; Airbus dips

  • Reuters
  • Stock Market News
U.S. tariffs weigh on Europe stocks; Airbus dips
Credit: © Reuters.

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Aug 13 (Reuters) - European stocks snapped a four-day winning run on Thursday as the U.S. government left tariffs on Airbus and a host of other European goods unchanged, while a clutch of blue-chip companies trading ex-dividend knocked the UK's FTSE 100 lower.

The pan-European STOXX 600 .STOXX was down 0.4%, with Airbus AIR.PA sliding 0.7% after Washington said it would maintain 15% tariffs on the planes and 25% tariffs on other European goods, despite moves by the European Union to resolve a long-standing dispute over aircraft subsidies. FTSE 100 .FTSE led declines among the major European bourses, led by AstraZeneca AZN.L , BP BP.L , Diageo DGE.L , Glaxosmithkline GSK.L and Legal&General LGEN.L , which traded without entitlement to a dividend payout.

TUI TUIT.L , the world's largest tourism company, tumbled 4.1% as it sunk to a 1.1 billion euro ($1.30 billion) loss in the third quarter due to the COVID-19 pandemic. ($1 = 0.8460 euros)

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