European Stocks Edge Lower
European stocks edged lower on Friday, with both the STOXX 50 and STOXX 600 slipping 0.1%, as traders digest mixed corporate results and await key inflation data from the Eurozone due today.
Shares of Saint-Gobain fell over 2% after the company reported a 0.2% drop in Q3 revenue on a comparable basis, and AXA lost 1.6%, even though the insurer kept its annual targets. Electrolux was one of the worst performers on the STOXX 600, dropping more than 2.8% after a strong rally in the previous session while ASML Holding (-0.8%) and Shell (-1.3%) also traded lower.
In contrast, Danske Bank rose 2.7% and was among the top performers after its profit slightly topped forecasts. Anheuser-Busch and Vivendi also gained more than 2% each. Considering the October month, the STOXX 50 gained 2.8% and the STOXX 600 added 3%.
Source: Tradingeconomics.com