European stocks decline amid rising tensions in Middle East

📆 18-10-23 16:23:00
📰 businessposthq

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Technology and mining sectors hardest hit, followed by broader industrial goods

European stocks fell today, weighed down by disappointing results from ASML Holding NV and Swiss industrial conglomerate ABB Ltd, and as traders assessed escalating tensions in the Middle East.

The Stoxx Europe 600 fell 0.5 per cent by 1.06pm in London. Chip equipment firm ASML dropped as much as 5 per cent after its order intake plunged in the third quarter amid a slump in the semiconductor industry. ABB declined the most in two years ...

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Markets calm as investors eye Middle East conflict and upcoming earnings reportsAs a spate of third-quarter corporate results are due this week. strategists say the outlook for earnings is weakening and could remain subdued
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