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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

5 November 2024 23:44  |

European markets close slightly higher as traders focus on U.S. Election Day

European stocks closed slightly higher Tuesday as global markets braced for the outcome of the U.S. presidential election.

The pan-European Stoxx 600 ended the session up 0.04%, with sectors divided across the flatline following a mixed session. Industrial stocks added 1.2% while autos fell 1.87%.

Shares in Hugo Boss closed 4.5% lower after the company posted a better-than-expected operating profit in the third quarter but flagged declines in the Asia-Pacific region linked to weakness in China.

Elsewhere, Schroders shares tumbled 13.4% after the asset manager posted its latest trading update.

Market attention is focused on which party dominates Congress as a result of the U.S. election, given that a sweep by Republicans or Democrats could contribute to drastic spending changes or a big revamp of tax policy.

Source: CNBC

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