European Shares Seen Tad Lower Ahead Of Tech Earnings, Rate Decisions
Investors awaited the European Central Bank decision as the Stoxx 600 held near flat and big tech earnings from Alphabet, Microsoft, Amazon and Intel approached.
- Ahead of the European Central Bank policy decision on Thursday, the European Stoxx index rose 0.07 per cent, reflecting muted market sentiment ahead of the rate announcement.
- Disappointing earnings reports weighed on indices as oil prices rose 1.7 per cent, dampening risk appetite. Thyssenkrupp fell 17 per cent after a muted market debut, while Dutch payments platform Adyen declined over 13 per cent.
- Automaker Stellantis added over 15 per cent after posting a slight increase in operating income in the third quarter. Spain's Santander fell 5.6 per cent as weaker earnings in Brazil weighed on the Spanish benchmark down 1.5 per cent.
- Deutsche Bank gained about 4 per cent after reporting a surprise jump in third-quarter profit. Senior analyst Ipek Ozkardeskaya at Swissquote affirmed banks "remain in a good place" given unexpectedly resilient economies.
- Investors are monitoring upcoming earnings results from tech giants Alphabet and Microsoft scheduled for Wednesday, followed by Amazon and Intel reporting on Thursday to gauge market direction.
29 Articles
29 Articles
The European stock exchanges closed this Friday (30) between stables and falling, amidst the global 'sell-off' (strong sale) in the technology sector, after a series of negative quarterly results in the United States revived fears about artificial intelligence spending (AI). Investors also reverberated a series of indicators of economic activity and inflation in the euro area countries, which showed a strong divergence between the main economies…
After concluding a sharp increase on Thursday night, the Paris Stock Exchange is much more hesitant this Friday, October 30th. The fault of the rise in oil prices and the stalling of values related to artificial intelligence.
New flame of oil, the Brent reaches 113 dollars per barrel and the Wti 103.60. The Nasdaq yields 2.26%, Milan closes to -1%
The markets focus on central banks as they resume the oil and gas race. The Middle East conflict and the situation of the Strait of Hormuz remain under the spotlight.
The European Stock Exchanges start the session in a contrasted way as the data on economic growth and harmonised inflation arrives. Markets focus on central banks as they resume the oil and gas race. (ANSA)
The main European squares opened the last session of the week on negative ground, after yesterday the ECB kept the interest rates unchanged.
Coverage Details
Bias Distribution
- 59% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
