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July 15 (Reuters) -
European shares opened lower on Monday after a raft of dour
updates from companies made investors, already jittery from the
assassination attempt on U.S. presidential candidate Donald
Trump, more cautious.
The continent-wide STOXX 600 was down nearly 0.5%
as of 0711 GMT.
Leading losses were shares of Burberry ( BBRYF ), down 11.4%
after the British luxury group named former Michael Kors boss
Joshua Schulman as its new chief executive, axeing Jonathan
Akeroyd after two years as it warned on profit and scrapped its
dividend.
Swatch Group fell 10.6% as the world's biggest
watchmaker reported a steep fall in first half sales and
earnings.
Personal and household goods sector, housing both
the stocks fell 1.1% and led sectoral declines.
Nordea lost 3.1% after the Finnish bank reported
second-quarter operating earnings just below expectations.
Meanwhile, Donald Trump will be formally nominated as the
Republican presidential candidate in Milwaukee later this week
after surviving an assassination attempt that has aggravated an
already bitter U.S. political divide, with traders weighing its
impact on financial markets.
Investors will now await ECB President Christine Lagarde's
remarks later in the day, ahead of the central Bank's policy
meeting later this week.