European stocks widened their decline

On Thursday, STOXX 50 fell 0.5% and STOXX 600 fell 0.1% as traders analyzed new corporate results and waited for the Bank of England's monetary policy decision at a later date.

Traders also digested recent statements from the Federal Reserve (US Federal Reserve) and suggested that the central bank is about to begin cutting borrowing costs.

In relation to companies, BMW's profit declined due to poor sales in China and rising manufacturing costs, and stock prices fell by 4% or more.

Societe Generale revised full-year guidance on net interest rate earnings for the French retail sector downward, and it fell by 5% or more.

UniCredit (2.5%), Saffron (2.2% down), and BBVA (2.1% down) also had the worst performances.

Meanwhile, Deutsche Post (1.4%) stated that although profit declined in the second quarter, it is progressing smoothly towards achieving the 2024 target.

Anheuser-Busch (2.3%) and Nokia (1.7%) also rose.