Europe stocks close October with biggest monthly loss for a year; UK housebuilders plunge after budget
Publishing timestamp: 2024-10-31 06:33:58
Summary
European markets closed lower on Thursday, with the Stoxx 600 down 1.2% for the day and 3.4% for the month. Inflation in the euro zone rose to 2%, impacting the European Central Bank's interest rate decisions. U.K. housebuilders saw a decline in shares after the budget announcement. Societe Generale shares rose after a strong third-quarter revenue jump. U.S. stocks also fell, with key technology companies reporting weaker-than-expected earnings. Euro zone inflation data and earnings reports from various companies were closely watched. Japan's central bank indicated it will keep hiking rates if the economy continues to recover, while China's manufacturing PMI showed signs of expansion. Interest in Indian markets is growing ahead of the Diwali festive season.
Sentiment: MIXED
Tickers: .GDAXI, .FCHI, .FTMIB, GLE-FR, .STOXX, DP4H-FF, CBGC-FF, .FTSE, STLA, SHEL-GB, PSN-GB, CRST, SN.-LN, JMT-PT, STLA-IT, ABI-BE,
Keywords: societe generale sa, prices, dax, london, stellantis nv, economic events, carlsberg a/s, shell plc, ftse 100, business news, cac 40 index, ap moeller - maersk a/s, anheuser-busch inbev sa, united states, breaking news: europe, stoxx 600,
Source: https://www.cnbc.com/2024/10/31/europe-markets-live-updates-euro-zone-inflation-data-in-focus.html