Europe Mixed: Earnings, Trade, & ECB in Focus
European stocks moved mixed on Thursday. Germany's DAX edged higher, while France's CAC 40 and the UK's FTSE 100 fell. The market digested corporate earnings reports, easing global trade tensions, growth data, and awaited the ECB's rate decision, which is expected to remain unchanged. In the US, the Fed cut interest rates by 25 basis points and will stop shrinking its balance sheet starting December 1, but Powell's cautious comments left the market uncertain about further cuts in December.
On the corporate side, Shell posted a jump in third-quarter 2025 profit to USD 5.3 billion thanks to strong trading, higher volumes, and tax factors. Volkswagen, however, posted an operating loss of EUR 1.3 billion due to costs related to US tariffs and a strategy shift at its Porsche unit. SocGen posted above-expected profit, while Stellantis posted a 13% year-on-year revenue increase. Puma plans to cut 13% of its global workforce by 2026, and Carlsberg maintained its full-year forecast despite quarterly sales falling slightly short of expectations.
In commodities, oil prices fell—Brent to around USD 63.76/barrel and WTI to USD 59.93/barrel—and are still heading for a third consecutive monthly decline due to concerns about oversupply. The market now awaits the OPEC+ meeting on November 2, which is expected to announce a supply increase of around 137,000 bpd for December. The outcome of this meeting has the potential to influence the future direction of oil prices and sentiment in the European energy sector. (az)
Source: Newsmaker.id
