European stocks close mixed with earnings in focus; Deutsche Bank up 8%
Publishing timestamp: 2023-10-25 11:54:13
Summary
The article discusses the mixed performance of European markets due to a slew of earnings reports in both the U.S. and Europe. The pan-European Stoxx 600 index ended little changed, with mining stocks rising and retail stocks falling. Deutsche Bank reported better-than-expected third-quarter net profit, while other companies such as Heineken, AkzoNobel, Lloyds Banking Group, and Carrefour also released earnings. The article also mentions the performance of U.S. markets, the outlook for the U.S. economy, and the European Central Bank's expected decision to keep rates on hold. It highlights the decline in sales for French luxury group Kering and the concerns over slower consumer spending in the luxury industry. The article concludes by mentioning market volatility and the expected lower opening of European markets.
Sentiment: MIXED
Tickers: SPOT, MSFT, BARC-GB, .BBKA, MC-FR, LLOY-GB, .STOXX, KER-FR, NOV.N-CH, .FCHI, .GDAXI, .FTSE, RMS-FR, FII,
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Source: https://www.cnbc.com/2023/10/25/europe-stock-markets-today-live-updates.html