European shares end week in the red as earnings disappoint
Mercedes-Benz and Valeo and appliances-maker Electrolux dented investor sentiment.
The pan-European STOXX 600 closed flat for the second straight day and logged its first weekly loss in three, with real estate stocks among the worst-hit sectors for the week.
Auto stocks also ended the session on a muted note, with Germany's Mercedes-Benz dropping 1% after third-quarter earnings in core car division missed estimates by a wide margin.
Valeo added to the sector's woes, tanking 9.5% as the automotive supplier cut its annual sales guidance for the second time this year.
Electrolux slumped 14.6% to the bottom of the main index after missing third-quarter earnings expectations on continuing U.S. losses and rising competition from China.
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