STMicroelectronics N.V. (STM) Tops Q4 EPS by 2c (Earlier)

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Downbeat Draghi curbs gains on European shares as tech shines

January 24, 2019 3:58 AM EST

By Danilo Masoni and Helen Reid

MILAN/LONDON (Reuters) - European shares ended off highs on Thursday as a bounce in tech stocks after results from chipmaker STMicro was offset by late slide among banks following downbeat comments from ECB President Mario Draghi over the health of the region's economy.

The euro zone STOXX index ended up 0.5 percent, having risen as much as 0.8 percent earlier in the day, while Germany's DAX was also up 0.5 percent and Italy's FTSE MIB climbed 0.9 percent.

Draghi acknowledged on Thursday that economic growth in the euro zone was likely to be weaker... More