European stocks open slightly lower

European stocks opened slightly lower on Wednesday amid continuing concerns about economic growth in China and concerns about central banks keeping interest rates high for longer.

The European STOXX 600 index fell 0.1 percent by 0705 GMT and is on track to continue its losses for a fifth session, while the German DAX index fell 0.2 percent.

H&M shares fell by 1 percent after the company said that sales fell in September, but it recorded a larger-than-expected rise in quarterly profits due to cost cuts. NN Group shares fell by nearly seven percent.