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Update: 2025-10-30
Description
European markets closed mixed on October 29th, with the STOXX six hundred index slightly down, as investors awaited the Federal Reserve's interest rate decision. Most major European markets ended higher, with the UK's FTSE one hundred and Spain's IBEX thirty-five reaching record highs. European companies began reporting earnings, with banks like Santander and Deutsche Bank performing well, while miners and oil companies benefited from rising commodity prices. However, telecom stocks and consumer discretionary stocks, such as Adidas, underperformed. Investors are also watching upcoming events like the Trump-Xi meeting and the European Central Bank's policy meeting. Major US tech firms' earnings will be closely watched, as markets remain cautiously optimistic.
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