European Stocks Dip on Technology Sector Weakness Following Oracle's Disappointing Earnings Forecast
Tech stocks drag European markets lower after Oracle warns on earnings outlook.
Insights:
European equities opened lower on Thursday, December 11th, as technology stocks declined following weak earnings guidance from Oracle Corporation, overshadowing more dovish-than-expected commentary from the Federal Reserve. The STOXX 600 index fell 0.3% by 0809 GMT, with the technology sector bearing the brunt of selling pressure with a 0.9% decline.
