European Stocks Cautious
Stocks in Europe were cautious to kick off the week, with the STOXX 50 trading around the flatline and the STOXX 600 decreasing 0.2%, following a losing session on Friday. Trades brace for a busy week that includes the midterms in the US. At the same time, oil prices extended the decline amid reports that the US and Iran are seeking diplomatic options to end the conflict. Novartis (-1.8%) and AstraZeneca (-1.4%) traded lower and SAP fell 0.8%. In contrast, the tech sector was in the green, with ASML Holding rising 1.2% and Infineon increasing 1.4%. The banking sector also advanced, including Deutsche Bank (1.4%).
Stocks in Europe were cautious to kick off the week, with the STOXX 50 trading around the flatline and the STOXX 600 decreasing 0.2%, following a losing session on Friday. Trades brace for a busy week that includes the midterms in the US. At the same time, oil prices extended the decline amid reports that the US and Iran are seeking diplomatic options to end the conflict. Novartis (-1.8%) and AstraZeneca (-1.4%) traded lower and SAP fell 0.8%.
In contrast, the tech sector was in the green, with ASML Holding rising 1.2% and Infineon increasing 1.4%. The banking sector also advanced, including Deutsche Bank (1.4%).