News Formal

European Shares Rise on Strong Corporate Earnings, but October Ends with Worst Monthly Performance

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 22 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 78%

Finance News

European Shares,Corporate Earnings,Benchmark Index

European shares climbed on Tuesday, driven by positive corporate earnings, but the benchmark index still recorded its worst monthly performance since September 2022. Concerns about economic growth and higher interest rates continue to weigh on investor sentiment.

Oct 31 - European shares climbed on Tuesday, with investors drawing comfort from a slew of corporate earnings beat, but the benchmark index still ended October sharply lower on concerns about economic growth and interest rates staying higher for longer.

Euro zone economic growth was weaker than expected in the third quarter, a flash estimate showed, with gross domestic product contracting slightly quarter-on-quarter and the year-on-year growth rate slowing sharply.Investor focus turned to central bank decisions by the U.S. and UK later this week. The energy sector was the worst hit due to a 4.6% fall in BP after third-quarter earnings missed analysts' forecasts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

London stocks rise on strong earning reports; BoE decision in focusMarket News
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

European Stocks Rise as Investors Focus on Central Bank Meetings and Economic DataEuropean stock indexes rose as investors awaited central bank meetings and economic data, including the Bank of Japan, U.S. Federal Reserve, and Bank of England meetings, as well as Chinese manufacturing data and U.S. jobs data. The earnings season also continues with major companies reporting this week.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

European shares lifted by real estate stocks; BP drags energy sectorExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »