Mercedes car earnings plunge as China shuns luxury
Electrolux slides on US woes and Chinese competition
Signify shares soar as largely in line Q3 provides relief

Oct 25 Reuters Europe39;s main stock index swung between losses and gains on Friday, and was set for a weekly fall, with a handful of weak corporate earnings from autorelated companies such as MercedesBenz and Valeo and appliancesmaker Electrolux denting investor sentiment.

The panEuropean STOXX 600 was up 0.01 as of 0913 GMT, on track for its first weekly loss in three, with real estate stocks among the worsthit sectors for the week.

Auto stocks shed 0.9 on the day, as Germany39;s MercedesBenz fell 3.7 after thirdquarter earnings in core car division missed estimates by a wide margin.

Valeo added to the sector39;s woes, shedding 7.5 as the automotive supplier cut its annual sales guidance for the second time this year.

Electrolux slumped 15 after missing thirdquarter earnings expectations on continuing U.S. losses and rising competition from China.

French spiritsmaker Remy Cointreau shed 1 after dropping its forecast that its fullyear sales would gradually recover after quarterly sales fell more than expected.

On the other hand, British lender NatWest climbed 4.5 after raising its income forecast for 2024, helping the banks index top sectoral gainers.

Expectations were pretty low going into the earnings season, but the vibe we39;re getting from these earnings is that the economy is weakening, said…