European Stocks Mixed
European stocks were mixed on Thursday, with the EURO STOXX 50 falling 0.1% and the STOXX Europe 600 adding 0.2%. Investors focused on corporate earnings while awaiting the ECB’s monetary policy decision. The central bank is widely expected to leave interest rates unchanged. Spanish stocks underperformed their peers, weighed down primarily by BBVA, which plunged nearly 5% after reporting lower profits in its domestic market. Banco Santander also fell 1.3%. Lloyds dropped 3% as its results failed to impress investors. On the upside, Shell gained 3.3% after nearly doubling its earnings and profits. Adidas rose 3.7% after reporting record profits and raising its full-year outlook. Renault advanced 2.3% after maintaining its full-year outlook despite a 6% decline in Q3 car sales.
European stocks were mixed on Thursday, with the EURO STOXX 50 falling 0.1% and the STOXX Europe 600 adding 0.2%. Investors focused on corporate earnings while awaiting the ECB’s monetary policy decision. The central bank is widely expected to leave interest rates unchanged. Spanish stocks underperformed their peers, weighed down primarily by BBVA, which plunged nearly 5% after reporting lower profits in its domestic market.
Banco Santander also fell 1.3%. Lloyds dropped 3% as its results failed to impress investors. On the upside, Shell gained 3.3% after nearly doubling its earnings and profits. Adidas rose 3.7% after reporting record profits and raising its full-year outlook.
Renault advanced 2.3% after maintaining its full-year outlook despite a 6% decline in Q3 car sales.