European shares start the week on muted note, with key earnings on tap
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Oct 21 (Reuters) -European shares kicked off the week broadly unchanged on Monday, after two back-to-back weekly gains, as investors brace to assess a series of corporate earnings.
The Europe-wide STOXX 600 .STOXX index had crawled up 0.05% at 0715 GMT.
It ended higher last week after the European Central Bank cut interest rates on Thursday and, according to Austria's central bank governor, is on track to get inflation under control.
German software behemoth SAP SAPG.DE, which comprises 15% of the country's benchmark DAX index .GDAXI, will set the market's mood when it reports third-quarter earnings, which will be scrutinized after chip gear maker's ASML's ASML.AS report last week sparked a rout in tech stocks .SX8P.
Insurance stocks .SXIP were among the losers as Munich Re MUVGn.DE fell more than 2% after Jefferies cut its rating on the stock to "hold".
Coffee and tea company JDE Peet's JDEP.AS gained 10% after it appointed a new chief executive and confirmed its 2024 outlook.
Forvia FRVIA.PA, the world's seventh largest car parts supplier by revenue, surged 6.5% to the top of the SBF120 despite reporting a slightly drop in third-quarter sales.
Reporting by Paolo Laudani in Gdansk and Ankika Biswas in Bengaluru; Editing by Savio D'Souza
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
