November 5, 2019 / 8:27 AM / 16 days ago

Jeweler Pandora's sales warning leads Europe lower

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Nov 5 (Reuters) - European shares dipped slightly on Tuesday, a day after hitting their highest levels since 2015, with a sales warning from Danish jewellery maker Pandora dragging on the benchmark index.

The pan-European STOXX 600 index fell 0.1%, although declines were capped by a positive tone around U.S.-China trade talks.

Pandora fell to the bottom of the index, with a 12% slide, as it warned of a steeper-than-expected fall in sales this year.

The telecoms index fell 0.9%, hurt by a 2% fall in shares of Spanish telecoms group Telefonica after it posted quarterly profit below analysts’ forecast.

Tariff-hit miners gained the most among the major European sub-sectors after reports that China was pushing U.S. President Donald Trump to rollback more tariffs imposed in September as part of a “phase one” trade deal. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Anil D’Silva)

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