LIVE MARKETS-Some big post-results stock falls

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SOME BIG POST-RESULTS STOCK FALLS

There have been some pretty chunky drops in early trading on Wednesday, largely on the back of earnings disappointment, with Renault down 17% and chip giant ASML off 7%.

The French carmaker RENA.PA said it now aims to achieve a full-year operating margin of 6.5% compared with at least 7% previously announced, and its shares are set for their biggest daily fall since March 2020.

Meanwhile over at ASML ASML.AS the company warned that geopolitical uncertainty continued to cloud its prospects, and said it may not achieve growth in 2026.

At the index level things are a bit calmer, the STOXX 600 is down 0.17% with most major national bourses, hovering around that level - Amsterdam, .AEX off 1.2% and the worst-performing regional index in Europe so far, is obviously taking a hit from heavyweight ASML.

(Alun John)

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