European stocks mixed; corporate earnings, trade talks and ECB in spotlight By Investing.com
Update: 2025-10-30
Description
European stock markets opened with mixed results on October 30th, as investors weighed corporate earnings, trade talks, and central bank decisions. The DAX edged up slightly, while the CAC 40 and FTSE 100 dipped by half a percent due to uncertainty over US-China trade tensions. Despite Trump's optimistic remarks on a new trade deal, investors remained cautious due to his history of shifting positions. The US Federal Reserve cut interest rates for the third time this year, but Fed Chair Jerome Powell dampened hopes for further cuts in December. The European Central Bank is expected to keep its key rate steady at 2%.Corporate earnings were mixed, with Shell reporting a profit surge and Volkswagen posting a quarterly loss due to US tariffs and brand changes. Societe Generale beat profit expectations but delayed a share buyback, while Stellantis saw a 13% revenue jump and Puma plans to cut more jobs amid weak sales. Energy prices continued to weigh on markets, with oil futures for both Brent and US crude falling and facing three consecutive months of losses. OPEC plus is set to meet in November, with talks of increasing oil production in December to ease supply concerns.
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