European Stocks Slip on Thursday
Both the STOXX 50 and STOXX 600 closed 0.2% lower on Thursday as investors weighed central bank actions, corporate earnings, and mixed economic data. The ECB kept rates unchanged for a third consecutive meeting, noting that the inflation outlook remains broadly stable, while the Fed cut rates again but cautioned that further easing in December is not guaranteed.
On the data front, Eurozone GDP grew 0.2% in Q3, exceeding expectations, though performance across major economies was uneven, with France and Spain posting strong growth, while Germany and Italy stagnated. Among corporates, Schneider Electric fell 3.9% despite higher Q3 revenues and confirming its 2025 outlook, as organic growth and margin improvements are expected toward the lower half of the range.
Banco Santander dropped 1.7% on slightly missed EPS, and BBVA fell 1.5% on lower profits. ING surged 5.5% with net profit above expectations, while Airbus gained 2.5%, reporting a solid Q3 and maintaining its 2025 guidance.
Source: Trading Economi
