Major European indices trade in the red.
Volkswagen beat expectations for Q3 but lowered its profit guidance for the year while Phillips beat estimates, raised its guidance, but reported falling orders.
—Equity Markets—
STOXX Europe 600: -0.5%
Germany’s DAX: -0.6%
U.K.’s FTSE 100: -0.4%
France’s CAC 40: UNCH
Italy’s FTSE MIB: UNCH
Spain’s IBEX 35: -0.8%