MercedesBenz slips after Q1 earnings miss
HSBC jumps after results, 3 bln in fresh buybacks
Logitech shines on robust FY guidance, Q4 results
EZ inflation, Q1 GDP data
April 30 Reuters European shares edged lower on Tuesday as investors parsed a raft of mixed earnings reports from industry heavyweights like MercedesBenz and HSBC, while also keeping an eye out for economic data, including the April euro zone39;s inflation numbers.
The continentwide STOXX 600 stocks index slipped 0.2 as of 0817 GMT, set to log its first monthly decline in six, knocked down by recordhigh interest rates, Middle East tensions and uncertainty about the European Central Bank39;s monetary policy outlook.
Miners and energy are on track to become the top sectoral performers this month, while financial services and insurers are the worst hit.
On the day, the automobile sector shed 1.5, with MercedesBenz declining 3.7 after a firstquarter earnings fall, Stellantis dropping 1.8 on a plunge in firstquarter revenue and Volkswagen losing 2.2 after reporting a lower firstquarter operating profit.
At the top of investors39; watch list are the blocwide flash April inflation and firstquarter GDP data during the day as multiple ECB policymakers have flagged a dimming likelihood of rate cuts beyond a likely first one in June.
So many members of the ECB39;s Governing Council have recently announced a rate cut in June that hell would have to freeze over for it to be called off, Commerzbank Research…