European stocks stabilize, Croda shares lead losses after ‎earnings expectations

European stocks stabilized today, Friday, at the end of a weak trading week that witnessed reluctance by investors before the issuance of the latest decisions of major central banks.

According to “Reuters”, Croda’s stock led the losses of the main index, after lukewarm expectations regarding profits

The European Stoxx 600 index settled at 460.57 points by 0718 GMT and is heading to end the week without achieving significant gains.

Investors’ focus during the coming days will be on the Federal Reserve (US Central Bank) and European Central Bank monetary policy meetings.

Croda International shares fell 11 percent to lead the losses of stocks listed on the Stoxx 600 index, after the British chemical company expected its annual profit before taxes to be less than expected.

The broader European chemicals index fell 1.3 percent, leading the sectoral losses.