STOXX at five-week low
Stoxx 600 down 0.7% at five week low
German economy unexpectedly grew in Q3
Campari biggest faller on index
British budget to come
U.S. futures up 0.15%
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STOXX AT FIVE WEEK LOW
The STOXX 600 .STOXX dropped to a five-week low after the first hour or so of trading, with bad earnings news outweighing the good, while investors processed a deluge of German economic data, including an unexpected rise in GDP.
The biggest faller is Italian spirit maker Campari CPRI.MI down 14%, at its lowest in over 4 years after missing Q3 forecasts with an 18.2% drop in operating profit.
That's having a read-across for Pernod Ricard, PERP.PA and other big fallers include Amundi AMUN.PA and GSK. GSK.L
There was better news from ASM International ASMI.AS, up 4.5% after raising forecasts.
As for Germany, investors were processing a combination of an above-expectations 0.2% rise in third-quarter GDP, a tick up in inflation in major states and a larger-than-expected rise in unemployment.
German 10-year yields retraced an early fall to be last flat on the day. GVD/EUR
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EARLIER LIVE MARKET POSTS
EUROPE BEFORE THE BELL: RESULTS FIRST, BUDGET LATER CLICK HERE
BUDGET, GDP AND TECH EARNINGS CLICK HERE
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