European stocks fell on Thursday, weighed down by a string of disappointing corporate earnings, while a slide in global technology stocks dampened sentiment.
By 0717 GMT, the pan-European STOXX 600 index was down 1 percent at its lowest in more than two months, with the media sector the biggest sectoral decliner, down 4.6 percent.
Universal Music Group shares fell 26 percent after the company reported a slowdown in its subscription and streaming businesses in the second quarter.
The technology sector lost 2.7% due to heavy selling in US technology stocks last night, which led to the Nasdaq index falling about 4% in its worst one-day decline since 2022.
The auto sector lost 2.6 percent, hurt by a 9.2 percent drop in Stellantis shares after the carmaker posted worse-than-expected first-half results.
Renault's 8 percent drop also helped drag the index lower after its ally Nissan Motor cut its full-year outlook after second-quarter losses erased first-quarter gains.
Nestle shares fell 3.7 percent after the food company reported first-half sales growth below analysts' expectations and cut its full-year organic sales growth forecast.
Kering shares fell 8 percent after the French luxury goods group reported a bigger-than-expected drop in second-quarter sales and forecast continued weak performance in the second half of the year.
On the other hand, Unilever shares jumped 7 percent after the company achieved higher-than-expected profits in the first half.
