Novo Nordisk, Siemens earnings boost European stocks at open

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Aug 5 (Reuters) - European stocks hovered near record levels on Thursday as strong earnings from Novo Nordisk and Siemens helped counter weakness in miners and banking shares that weighed on UK’s blue-chip index.

The pan-European STOXX 600 index inched up 0.1% after a three-day run of gains that took it to fresh highs.

Danish company Novo Nordisk rose 3.1% after it raised its full-year forecast and posted above-forecast quarterly earnings on strong sales and demand for its new obesity drug.

German industrial firm Siemens climbed 3.9% as it lifted its profit guidance for the third time this year.

Retailers took a hit as German online fashion company Zalando slid 7.2% after it said it had spent more on marketing to keep its customers shopping.

Adidas also fell 3.6% after it raised its outlook for full-year sales and profitability but took a hit in China.

UK’s FSTE 100 slipped as Lloyds Banking Group tumbled after Goldman Sachs downgraded its stock to sell, while falling metal prices weighed on miners. (Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)