European Shares Seen Tad Lower Ahead Of Tech Earnings, Rate Decisions
Investors awaited the European Central Bank’s rate call as weak earnings and higher oil prices weighed on sentiment.
- On Thursday, October 29, the pan-European Stoxx 600 index rose 0.07% to 644.14 points, setting a cautious tone ahead of the European Central Bank's policy decision.
- European shares were subdued on Wednesday following disappointing earnings reports, while higher oil prices exacerbated investor unease ahead of the central bank's policy announcement.
- Thyssenkrupp shares dropped 17% after a muted market debut for its materials trading division, while Stellantis gained over 15% following a slight increase in third-quarter operating income.
- Dutch payments platform Adyen declined over 13% after lowering its core earnings margin target for 2026, while Spain's Santander fell 5.6% as weaker earnings in Brazil weighed on the benchmark.
- Markets remain focused on upcoming tech earnings, with Alphabet and Microsoft scheduled to report results on Wednesday, followed by Amazon and Intel on Thursday.
24 Articles
24 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)
Coverage Details
Bias Distribution
- 55% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
