U.S. tariffs weigh on Europe stocks; Airbus dips

(Reuters) – European stocks snapped a four-day winning run on Thursday as the U.S. government left tariffs on Airbus and a host of other European goods unchanged, while a clutch of blue-chip companies trading ex-dividend knocked the UK’s FTSE 100 lower.

The pan-European STOXX 600 <.stoxx> was down 0.4%, with Airbus sliding 0.7% after Washington said it would maintain 15% tariffs on the planes and 25% tariffs on other European goods, despite moves by the European Union to resolve a long-standing dispute over aircraft subsidies.

London’s FTSE 100 <.ftse> led declines among the major European bourses, led by AstraZeneca , BP , Diageo , Glaxosmithkline and Legal&General , which traded without entitlement to a dividend payout.

TUI , the world’s largest tourism company, tumbled 4.1% as it sunk to a 1.1 billion euro ($1.30 billion) loss in the third quarter due to the COVID-19 pandemic.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)