* Europe's STOXX down 0.4 pct
* Miners, autos, oil stocks tumble
* Thyssenkrupp sinks 9 pct after profit warning
* Luxury stocks suffer from weak Richemont results (Updates prices, adds details)By Julien Ponthus and Helen ReidLONDON, Nov 9 (Reuters) - European shares slipped on Fridayas mining and oil stocks sold off and weak results fromThyssenkrupp and Richemont weighed on sentiment.The pan-European STOXX 600 fell 0.4 percent butheld on to a small gain for the week, its second in the blackafter a harsh sell-off in October.
The end-week slide in Europe joined a global market retreatafter the U.S. Federal Reserve appeared to remain on track toraise its key interest rate next month and warned the growth ofbusiness investment had dipped. "Just as the feel-good factor was beginning to return to themarkets, buoyed by the result of the U.S. midterms, the Fedswooped in and brought everyone back down to earth," CraigErlam, senior market analyst at Oanda, said in a note.On Friday disappointing corporate earnings in Europe weighedon the market, as Germany's Thyssenkrupp fell 9.2percent to its lowest levels since July 2016 after cutting itsprofit outlook for the second time this year. "A second guidance cut in as many quarters will furtherweaken confidence that Thyssenkrupp has the quality of assetsthat merit a higher multiple, while continued poor free cashflow is unlikely to give assurance that balance sheet risks arebehind it," wrote Jefferies analysts.
Thyssenkrupp helped drag down the basic resources sector which fell 3.4 percent as metals sold off. Nickel slumped to its lowest price in nearly 11 months onworries about higher U.S. interest rates and slowing Chineseeconomic growth. French oil storage and distribution group Rubis led losers with an 11 percent fall after a disappointing tradingupdate, and brokers lowered their recommendation for the stock.The energy sector also acted as a drag, down 1.4percent with oil majors weighing on indexes as rising supply andconcerns of an economic slowdown pressured prices. U.S. crudehas fallen around 20 percent since early October. Another blow for investors was luxury goods group Richemont , whose shares fell 6.4 percent after it said salesgrowth slowed and management struck a cautious note. The sales numbers were hurt by moves to combat the greymarket and efforts by the Chinese government to discourageconsumers from spending overseas.
The results knocked Swiss peer Swatch , which fell5.1 percent, and French luxury group Kering , the worstperformer on the Paris CAC 40 with a 3.5 percentdecline. Italy's Moncler also fell 3.6 percent. Italian state-controlled defence group Leonardo was another big loser, tumbling 8.9 percent after adisappointing trading update. Italian shipbuilder Fincantieri also sank 15.7percent, its worst day ever, after its results.
Europe's banking sector also fell sharply with BBVAthe worst-performing.
Shares in the Spanish lender tumbled 5.9 percentin the fallout from an unexpected bill in Mexico proposing tolimit bank commissions, which triggered the stock market'sbiggest fall in more than seven years on Thursday. Santander fell 1.6 percent and Banco Sabadell was down 2.2 percent, but BBVA suffered the biggesttumble as Mexico is its biggest market, accounting for 41percent of the bank's overall profits. Shares in Danish bioscience company Chr. Hansen suffered their worst day since June, down 6.3 percent, aftermajor shareholder Novo Holdings A/S sold 4.85 million shares ata roughly 9 percent discount to Thursday's closing price. With disappointing earnings frustrating investors' hopes fora results-driven boost to sentiment on European stocks, EPFRdata showed further outflows, of $2.6 billion, from the regionthis week. (Reporting by Julien Ponthus; editing by Josephine Mason/MarkHeinrich)
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