LONDON (TheDeal) -- European stocks fell again on Thursday, taking their cue from Asia on concerns about global growth and fading expectations of an imminent U.S. interest rate hike.
In London, the FTSE 100 was down 0.34% at 6,381.76, while in Paris, the CAC 40 fell 0.83% to 4,843.36, and in Frankfurt, the DAX retreated 0.85% to 10,591.33.
Markets were down a day after the U.S. Federal Reserve released minutes from its July policy meeting that signaled a cautious approach to interest rates, with core inflation still below 2%. In Europe, a slight rise in U.K. retail sales did little to inspire belief in this region's recovery.
Including fuel, U.K. retail sales rose 0.1% in July from the previous month, as increases from department and other stores were offset by falls predominantly in textile, clothing and shoe stores, and food stores and gas stations.
The report showed that Swiss watch exports were 9.3% lower in July at 1.9 billion Swiss francs ($1.97 billion) amid steep declines in Asia, where sales were down by 21.4%, and in all price categories, especially the 200 to 500 francs category.
In other regions, the situation was better, with the U.S. maintaining its "cruising speed" and growth in Europe -- and France in particular -- gathering momentum, the Federation noted.
It wasn't a good day either for Zurich-based telecommunications group Sunrise Communications. The stock slid 5.61% after the company predicted a low- to mid-digit revenue decline this year.
Sales rose 17.1% in the second quarter to €8.7 billion, while underlying operating income rose 14.9% to €331 million, exceeding the €317 million average predicted by analysts in a Bloomberg News poll.
And finally in Zurich, dental implant and restorative and regenerative dentistry company Straumann Holding rose 3.34%, raising its full-year guidance after posting its strongest quarterly results since the financial crisis rattled dental markets in 2008.
Later Thursday investors will be watching out for the weekly jobless claims report from the U.S.
Asian stocks also had another bad day, with the Hang Seng falling 1.77% in Hong Kong to 22,757.47, and the Nikkei giving up 0.94% to 20,033.52 in Tokyo.