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Financials

U.S. tariffs weigh on Europe stocks; Airbus dips

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

Aug 13 (Reuters) - European stocks snapped a four-day winning run on Thursday as the U.S. government left tariffs on Airbus and a host of other European goods unchanged, while a clutch of blue-chip companies trading ex-dividend knocked the UK’s FTSE 100 lower.

The pan-European STOXX 600 was down 0.4%, with Airbus sliding 0.7% after Washington said it would maintain 15% tariffs on the planes and 25% tariffs on other European goods, despite moves by the European Union to resolve a long-standing dispute over aircraft subsidies.

London’s FTSE 100 led declines among the major European bourses, led by AstraZeneca, BP, Diageo , Glaxosmithkline and Legal&General, which traded without entitlement to a dividend payout.

TUI, the world’s largest tourism company, tumbled 4.1% as it sunk to a 1.1 billion euro ($1.30 billion) loss in the third quarter due to the COVID-19 pandemic. ($1 = 0.8460 euros) (Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)

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