LONDON — European stocks closed slightly higher on Thursday as investors digested corporate earnings and a rate decision by the European Central Bank.
The pan-European Euro Stoxx 600 provisionally ended up around 0.15%, with major bourses and sectors pointing in different directions.
European traders digested a busy morning of earnings, with Shell, Airbus, Stellantis, Total and Volkswagen just some of those reporting before the bell.
Stellantis shares fell 1.5% after reporting a 14% slump in third-quarter sales due to the global chip shortage. VW shares were down 4.4% after the automaker cut its deliveries outlook.
Oil giant Shell saw its shares slip over 3% after missing expectations on profit for the quarter. Meanwhile, shares of online pharmacy Zur Rose Group jumped 10% after announcing a collaboration with Roche.
Traders also monitored a rate decision by the ECB and a subsequent press conference with President Christine Lagarde.
The bank decided Thursday to keep interest rates and its monetary policy stance unchanged, despite ongoing inflationary pressures. Lagarde tried to play down the chances of a rate hike for 2022, hinting that market players might be getting ahead of themselves with their predictions.
Markets were fairly muted after the ECB's rate announcement, but southern European bond yields spiked after Lagarde's comments at the press conference, according to Reuters data.
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
- CNBC's Eustance Huang contributed to this report.
"close" - Google News
October 28, 2021 at 12:33PM
https://ift.tt/2ZzIYBH
Europe stocks close slightly higher as investors monitor earnings, ECB; VW shares slide 4% - CNBC
"close" - Google News
https://ift.tt/2QTYm3D
https://ift.tt/3d2SYUY
Bagikan Berita Ini
0 Response to "Europe stocks close slightly higher as investors monitor earnings, ECB; VW shares slide 4% - CNBC"
Post a Comment