STOXX 600 drops on dour earnings, poised for worst month in a year
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
BNP Paribas drops after Q3 results
EU CPI due at 1000 GMT
STOXX 600 down 0.7%
Updated at 0905 GMT
By Pranav Kashyap
Oct 31 (Reuters) -Europe's benchmark index fell onThursday, dragged down by dour corporate earnings, with the benchmarkset to record its worst monthly performance in a year.
The pan-European STOXX 600 .STOXX was down0.7%, falling to its lowest level in nearly two months.
The index is down 2.9% for themonth, poised to drop for a second straight month, and is set tolog its worst monthly performance since October 2023. Its previous steepest monthly drop in that period was a 1.5% decline in April.
This month's sentiment was heavily influenced by the nail-biting U.S. presidential election. The uncertainty surrounding who will takeup residence in the White House sent a wave of investors scurrying towards safe-haven assets like gold XAU= and the U.S. dollar USD=.
"Trump threatening so many tariffs - that concerns what is this going to mean for international trade. We're likely going to see a decrease in productivity in a lot of companies that deal with the U.S., so investors are concerned," said Daniela Hathorn, senior market analyst at Capital.com.
All the STOXX 600 sub-sectors were trading in the red, with the retail sector .SXRP falling the most, with a 2.3% decline.
Rate-sensitive real estate stocks .SX86P also fell over 1%.
Technology stocks .SX8P dropped 1.1%.
Overnight, results from Meta META.O and Microsoft MSFT.O showed Big Tech is stepping up AI investments but the lack of quick and big returns has worried investors. .N
"The results were a little bit underwhelming for investors and you saw that weakness in the Nasdaq, adding to weaker sentiment in the STOXX 600," Hathorn said.
Among individual stocks, TotalEnergies TTEF.PA lost 2.4%after the French oil major's third-quarter adjusted net income hit a three-year low.
BNP Paribas BNPP.PA tumbled 6.2% after the lender reported third-quarter results that lagged its forecast-beating rivals.
Anheuser-Busch InBev ABI.BR lost 3.9% after the Budweiser maker missed estimates for third-quarter profit, revenue and sales volume.
Smith + Nephew SN.L slumped 12.4% after the medical products maker cut its annual underlying revenue growth forecast.
Shell SHEL.L gained 1% after the energy giant's quarterly profit of $6 billionbeat forecasts.
Airbus AIR.PA rose 2.4%after the planemaker picked a successor for its jet-makingarm, while the CEO stays on.
On the data-front, French preliminary inflation was at 1.5% in October, while German retail sales unexpectedly rose in September.
Investors now await Euro zone's flash CPI, Italy's preliminary CPI figures for October, and the bloc's employment data for September. All of them are set to drop at 1000 GMT.
Reporting by Pranav Kashyap in Bengaluru; Editing by Savio D'Souza and Sonia Cheema
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
