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Europe Markets: DAX dives 1% as European stocks wrestle with earnings, U.S. rate view

Stocks across Europe headed for a third straight loss Thursday, hurt by a batch of corporate earnings reports that left investors unimpressed.

Investors are also focused on Federal Reserve Chairman Jerome Powell, who may drop further hints about U.S. interest-rate policy.

How markets are trading

The Stoxx Europe 600 index SXXP, -0.84% slumped 0.9% to 376.13 and no sector traded higher. On Wednesday, the pan-European benchmark fell 0.7%, and marked a 4% pullback for February.

Germany’s DAX 30 index DAX, -1.35% tumbled 1.4% to 12,261.73, and France’s CAC 40 PX1, -0.87% fell 1% to 5,265.44.

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