European shares end lower as automakers weigh, though clocks quarterly gains
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Germany's Volkswagen falls on cutting 2024 outlook
UK's Rightmove slides after REA ends month-long takeover pursuit
STOXX 600 down 1%
Updated at 1600 GMT
By Shashwat Chauhan and Pranav Kashyap
Sept 30 (Reuters) - Europe's STOXX 600 closed lower on Monday with automakers leading declines after industry majors Stellantis and Volkswagen's profit warnings, though the benchmark recorded quarterly and monthly gains.
The pan-European STOXX 600 .STOXX closed 1% lower, retreating from an all-time high hit last week.
European auto stocks .SXAP were at the helm of losses, down 4% with Milan-listed shares of Stellantis NV STLAM.MI sliding 14.7% after Europe's second biggest carmaker cut its 2024 profit forecast and warned it will burn through more cash than expected.
"A slowdown in the global automotive sector and having to spend big on revitalising two core brands have put a dent in Stellantis' bonnet," AJ Bell's investment director Russ Mould said.
Bigger rival Volkswagen VOWG_p.DE had also cut its annual outlook for the second time in less than three months late on Friday, sending its shares down 4.3%.
Despite Monday's losses, pan-European benchmark advanced more than 2% in the July-September quarter and clocked a third successive monthly gain.
Risk sentiment flourished this month after the U.S. Federal Reserve eased its monetary policy, joining global peers including the European Central Bank (ECB).
Speaking on Monday, ECB's President Christine Lagarde said the central bank is increasingly confident that inflation will fall to its 2% target and this will be reflected in its next policy move, dropping the clearest hint yet about a coming interest rate cut.
Last week, a series of stimulus measures announced by China to revive its dwindling economy also gave a leg up to China-exposed stocks such as luxury heavyweights and industrials.
This week, comments from Fedchair Jerome Powell later in the day, along with a broader euro zone inflation reading on Tuesday would remain in focus.
On Monday, a preliminary reading showed German inflation fell to its lowest level since February 2021 this month. Yields on euro zone government bonds fell. GVD/EUR
Britain's economy grew more slowly than previously thought in the second quarter. UK's domestically focussed FTSE 250 midcap index .FTMC closed 0.9% lower.
Among other headlining stocks, Britain's Rightmove RMV.L dropped 7.7% after Rupert Murdoch's REA Group REA.AX ended its $8.29 billion takeover pursuit following a fourth bid rejection from the real estate portal.
Germany's Gerresheimer GXIG.DE plunged 18% after the medical packaging devices maker cut its forecasts for 2024 and 2025.
Danish shipping giant Maersk MAERSKb.CO gained 4%, with analysts pointing to a looming U.S. East Coast port strike.
European benchmark outperform US this quarter https://tmsnrt.rs/47LLSls
Reporting by Pranav Kashyap and Shashwat Chauhan in Bengaluru; Editing by Mrigank Dhaniwala, Janane Venkatraman and Shreya Biswas
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
