Europe open: Shares lower as Apple, Amazon disappoint investors

European shares opened lower on Friday as results overnight from tech giants Amazon and Apple results missed expectations.
The pan-European Stoxx 600 index was down 0.71% in early deals with all major regional bourses lower.

In equity news, shares in UK state-owned lender NatWest fell despite third quarter profits tripling. The bank revealed it had set aside almost £300m to cover an as yet levied fine for money laundering.

BNP shares gained slightly as the bank beat third quarter expectations and unveiled a €900m share buyback

German carmaker Daimler was up as the company said it was on track to meet 2021 targets despite the global chip shortage.

Shares in computer game maker Ubisoft soared by almost 10% to the top of the Stoxx as the company missed second quarter earnings estimates, but beat revenue expectations.

Air France-KLM shares bucked the with the shares up 5.68% as it narrowed losses in the third quarter thanks to favourable summer business. The airline said it planned to boost capacity as countries reopen their economies from coronavirus lockdowns.

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