European Stock Market: Indices pare intraday losses, tracking corporate earnings

📆 18/10/2566 16:39:00
📰 FXStreetNews

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European stock markets started the day on a downturn, influenced by surging crude oil prices, increased tensions in the Middle East, and persistently

European markets receive pressure on higher Crude oil prices. UK market displayed negative sentiment on elevated inflation in the country. European STOXX 600 recovers the intraday losses; following the corporate earnings. high inflation in the UK. At the time of writing, the FTSE 100 in the UK is marginally up by 0.06% at 7,680, while the European STOXX 600 remains positive at 449 points. The German DAX index has also seen a slight increase of 0.05% to 15,259.

Earlier in the day, European markets experienced a slight dip The European equities are under pressure, particularly in the mining sector, while insurance stocks are acting as a stabilizing force. The CETOP experienced a marginal decline in the previous session following higher-than-expected US retail sales, raising concerns about potential further interest rate hikes by the Federal Reserve. Looks like Nexi is making headlines with a potential takeover bid causing quite a stir in the market.

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