European Stock Exchanges Begin in the Red
- The Stoxx index fell 0.31 per cent to 635.77 points on Friday, capping a difficult week for European markets as the benchmark declined about 1.4 per cent.
- Luxury weakness sours sentiment as Kering shares dropped 16.6 per cent on Friday after third-quarter sales at its flagship Gucci brand fell, with the luxury index sliding 3.6 per cent.
- Higher oil prices and political uncertainty in France dampened investor sentiment; Brent crude climbed more than 1 per cent while social unrest persists through the presidential election cycle.
- Volvo Cars slumped over 24 per cent to a record low after reporting a bigger-than-expected operating loss, while French jet engine maker Safran dropped 10 per cent following results.
- The European Central Bank is scheduled to meet next week with investors pricing in a 91 per cent probability it holds interest rates steady, while France's presidential election looms next year.
58 Articles
58 Articles
The Economic Times
Times of IndiaGlobal Market: European stocks edge lower as Kering slumps, oil prices rise
European shares slipped as Kering plunged 10.4% following weak Gucci sales, while rising oil prices and French political uncertainty dampened sentiment. The STOXX 600 fell 0.13%, extending losses amid AI stock volatility and debt concerns. Holcim gained 5.2% after raising its earnings forecast, offering limited support to markets.
On the European se burzama at petak ujotro trguzno oprezno jer su cijene nafte dognule najviše razine u pet mjeseti i je su ulagače razočarali poslovni kontakti nekoliko europskih kompanija. STOXX 600 index vodećih europskih dionica bio je u […] Objava European storms pale, cijene nafte porasle pojavila se prvi puta on Novi list.
The squares of the continent crave the rebound in the last session of the week
The European stock indices concluded the bidding on Thursday with a marked decline in oil prices, as well as a general reduction in appetite for risk due to signals of a possible increase in global geopolitical tension.
Europe's STOXX 600 posts biggest drop in three weeks as banks tumble and oil climbs
Europe's STOXX 600 posted its steepest decline in three weeks on Thursday, dragged lower by weakness in bank shares, while higher oil prices and rising yields on French bonds dampened risk appetite further.
Among the Portuguese quotes, the BCP stood out as the most penalized title when falling 4.81% to 1.068 euros, followed by Mota-Engil, which lost 4.32% to 4.474 euros, and by Ibersol, which devalued 3.62% to 10.12 euros. In the opposite direction, only Jerónimo Martins managed to escape the drop trend, recording a rise of 0.60% to 18.42 euros.
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