Energy, Banking Shares Weigh on European Stocks Amid Earnings
(Bloomberg) -- European stocks held steady as earnings-related gains in companies including Next Plc and UniCredit SpA offset losses in energy firms.
The Stoxx Europe 600 Index added less than 0.1 percent at the close. The benchmark has struggled to recover since it reached a three-month low last week amid carmaker woes and a strengthening euro, and it's lagging global peers. Recent gains in the single currency are threatening a long-awaited earnings recovery in the region.
- Oil-and-gas producers and lenders were among the worst performers on the Stoxx 600, following declines in crude prices. Neste Oyj slid as much as 6.3 percent after its operating profit missed estimates.
- Among shares active on earnings reports, BMW AG added as much as 1.6 percent after its quarterly earnings beat projections.
- Next jumped 9.7 percent on better-than-forecast sales and UniCredit gained 7.2 percent after posting a surprise surge in profit.
- The FTSE 100 Index rose 0.9 percent. Four of its members, including heavyweights HSBC Holdings Plc and Unilever, traded without the right to dividend on Thursday, knocking 8.3 points off the benchmark.
--With assistance from Elena Popina
To contact the reporter on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.net.
To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, Todd White, Richard Richtmyer
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
