European Stocks Mixed
European stocks were mixed on Tuesday, with the STOXX 50 trading near the flatline while the STOXX 600 rose 0.3%, as a renewed global tech sell-off driven by concerns over the AI trade spilled over into European markets while falling oil prices and bond yields provided some support to equity markets. ASML Holding tumbled 3.4%, while Infineon Technologies plunged 4.8%. Investors also assessed the latest corporate earnings, with LVMH edging up 0.4% despite reporting weaker-than-expected Q3 organic sales, weighed down by cooling Chinese demand. Its fashion and leather goods division, a key revenue driver, recorded a 5% decline. Elsewhere, Hermes gained 0.9%, while Richemont slipped 0.5%.
3%, as a renewed global tech sell-off driven by concerns over the AI trade spilled over into European markets while falling oil prices and bond yields provided some support to equity markets. 8%. 4% despite reporting weaker-than-expected Q3 organic sales, weighed down by cooling Chinese demand. Its fashion and leather goods division, a key revenue driver, recorded a 5% decline.
5%.