European Stocks See Slight Correction!
European stocks weakened slightly on Wednesday (October 29, 2025), after several consecutive days of record highs. The STOXX 600 index fell by around -0.3% to 576 points, while the STOXX 50 also corrected from its peak. Investors chose to hold positions while awaiting key data and policy decisions from the Federal Reserve (The Fed).
The pharmaceutical sector was one of the laggards, with shares of giants like Novartis plunging by around -4.3% after underwhelming financial results. On the other hand, stocks like HSBC and Nokia actually saw a surge—HSBC rose by around 4.4% after raising its 2025 profit outlook, while Nokia surged ~20% after announcing an investment from Nvidia.
Despite the slight correction, observers noted that the previous rally had "heated up," and current conditions suggest the market is awaiting confirmation of its next direction. Therefore, large-scale buying positions are considered inappropriate until several catalysts—such as the release of US employment data and the Fed's stance—occur.
In general, investors remain optimistic in the medium term but cautious in the short term. If quarterly results and the Fed's signals surprise on the hawkish side, European markets could correct again. However, if dovish signals emerge or optimism grows, upside potential remains. (asd)
Source: Newsmaker.id
