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July 18 (Reuters) - Technology stocks led a slide in
European shares on Thursday as software firm SAP reported poor
results and was the latest to point out the impact of a
protracted trade war between the United States and China on its
earnings.
Europe's most valuable tech company SAP SAPG.DE slipped
6.9% after telling investors they will have to wait till next
year for a major improvement in margins as the business software
group reported a 21% decline in quarterly operating
profit. That pushed Germany's DAX .GDAXI down 1.1% and weighed on
the pan-European stocks benchmark index .STOXX , which slipped
0.6% by 0711 GMT. .N MKTS/GLOB
Industrial company Indutrade AB INDT.ST tumbled nearly
12%, the most among on the benchmark index, after reporting
second-quarter results.