Stock movements
“Indicator decline”Stokes 600“The European Union rose 0.3 percent by 07:18 GMT, on its way to incurring its first weekly loss in three weeks, as investors evaluate corporate earnings reports, the path of global interest cuts, and the upcoming US presidential elections.”.
The automobile sector fell 0.9 percent, while positive results from NatWest Bank led to the banking sector rising 0.4 percent..
German car manufacturer Mercedes-Benz shares fell 3.7 percent after the profits of its main automobile division in the third quarter were much lower than estimates, while Valeo shares fell 7.5 percent after the auto parts supplier reduced its annual sales targets for the second time this year..
The shares of the French alcohol company Remy Cointreau lost three percent at the opening after it reduced its expectations for a gradual recovery in sales for the entire year, following a more-than-expected decline in quarterly sales.
The stock fell 0.3 percent in recent trading.