Deutsche Bank falls as loan loss provisions weigh
Chemicals dragged down by Akzo Nobel
Thule tops STOXX as Q3 beats estimates
ECB starting to debate if rates have to go below neutral

Oct 23 Reuters European shares edged lower in choppy trading on Wednesday, dragged by miners, while weak earnings from heavyweights such as Germany39;s largest lender Deutsche Bank and beauty giant L39;Oreal pressured sentiment further.

The panEuropean STOXX 600 index ticked 0.1 lower as of 0845 GMT.

Deutsche Bank39;s shares fell 3 as the lender hiking its loan loss risk provisions by 38 bps overshadowed betterthanexpected quarterly numbers at a group level, dragging the European bank index down 0.6.

Basic resources was the worsthit sector, losing 0.7 with Sweden39;s Boliden dropping 3.4 following a UBS rating downgrade to sell from neutral.

The chemicals index was also among the top sectoral losers, falling 0.7. Akzo Nobel fell 4 to the bottom of the STOXX 600 after announcing thirdquarter sales and core profit misses.

L39;Oreal fell 3.8 after missing thirdquarter sales estimates.

Meanwhile, automobiles led sectoral gains with a nearly 1 rise. Stellantis climbed 3 while Swedenbased Volvo Cars lost 3.6 after cutting its fullyear sales growth forecast.

Apart from the ongoing corporate earnings season, which investors are using as a gauge for the continent39;s economy, all eyes are on the stilltootighttocall U.S. election and the trajectory of interest rate cuts across major central…