Commerzbank AG fell 0.94% to €7.14 after the German-based bank swung to a net profit of €352 million in the second quarter compared with a loss of €761 million a year earlier.
Deutsche Telekom AG dropped 1.05% to €10.39 after the German telecom company reported a decline in profit for the second quarter, reflecting deconsolidation of T-Mobile UK, as well as lower revenues from Germany and Europe.
Net revenue in the quarter decreased 4.4% to €15.53 billion from €16.24 billion in the comparable period. Net profit dropped 8.8% to €475 million from €521 million in the year-ago quarter.
Telecom Italia SpA dipped 0.44% to €13.71 after the Italy-based company, which offers infrastructures and technological platforms and its labor unions reached an agreement on cutting 3,900 jobs over the next three years.
Zurich Financial Services AG rose 1.18% to $23.68 after the insurance-based financial services provider reported total financial results take into account the impact of the previously reported charge from increased banking loan loss provisions of $330 million, before tax.