European stocks mostly lower; Mercedes slumps on Chinese woe
Investing.com - European stock markets edged mostly lower Friday, with third-quarter corporate earnings in the spotlight as weak economic growth weighs on sentiment.The eurozone economy is struggling at the moment, with PMI activity data still well in contraction territory, and this is weighing heavily on sentiment, even with the European Central Bank easing monetary policy, cutting interest rates three times already this year, all by 25 basis points.
The annual IMF-World Bank meetings enter the penultimate day later Friday, and traders will be looking for any comments on future monetary policy.) stock fell over 2% after the German auto giant said earnings in its core car division plunged in the third quarter as Chinese consumers continued to cut back on luxury goods.) stock fell 0.5% after the budget carrier lowered the upper end of its 2024 profit forecast range after reporting disappointing third-quarter core earnings.
U.S. and Israeli officials are set to restart talks for a ceasefire and the release of hostages in Gaza in the coming days, but hopes are not high as a number of previous attempts to reach a deal have failed.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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