European stocks are heading to end their series of gains due to slowdown fears and weak earnings

European stocks were heading on Thursday to halt a series of consecutive gains over six sessions, after lackluster US economic data stoked fears of a global economic slowdown, and investor sentiment was also affected by non-negative European corporate earnings.

The pan-European Stoxx 600 index was down 0.6 percent by 0815 GMT.

In the previous session, the benchmark index posted its longest streak of gains since November 2021.

Energy stocks and industrial companies led the losses, amid a broad decline in the market.