European stocks open lower on disappointing earnings
European markets fell Wednesday after mixed earnings. FTSE 100 dropped 0.4%, CAC 40 lost 1.2%, DAX down 0.8%. Wall Street closed lower Tuesday. Tesla's Q2 profits fell 45% due to price cuts and AI investment. Alphabet exceeded expectations. LVMH, including Louis Vuitton, saw shares drop 5%, net profits down 14%.
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