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<Europe> European Stocks Mixed in Early Trading; Luxury Shares Weigh on French Market
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European stocks were mixed in early trading on Wednesday (15th) as markets digested quarterly corporate results and monitored developments in the Middle East. The pan-European STOXX 600 Index rose 0.32 points, or less than 0.1%, to 620.27. The UK FTSE 100 Index edged up 1 point to 10,611. France's CAC 40 Index fell 45 points, or 0.6%, to 8,282. Germany's DAX Index gained 21 points, or less than 0.1%, to 24,065. Spain's IBEX 35 Index dropped 64 points, or 0.4%, to 18,222. Italy's FTSE MIB Index declined 51 points, or 0.1%, to 46,124. Luxury shares came under pressure after Hermes reported quarterly sales growth below expectations, sending its shares down 8.9%. Kering also fell 8.9%, while Burberry declined 1.6% and LVMH rose 0.2%. Stellantis reported a 12% YoY increase in quarterly vehicle deliveries, lifting its shares 3.3%. Pharmaceutical company Novo Nordisk gained 3.9%, and mining stock Antofagasta rose 3.3%. Lithography equipment maker ASML raised its full-year sales forecast, with its shares up 0.7%. In US stock futures, DJIA futures fell 41 points, or less than 0.1%, to 48,714. S&P 500 futures slipped less than 1 point to 7,004, while Nasdaq 100 futures rose 8 points to 26,005. In the Asia-Pacific region, the Shanghai market closed up less than 1 point, the Shenzhen market fell 1%, and Hong Kong stocks ended up 0.3%. Taiwan's market once broke above the 37,000 mark intraday to hit a record high and closed up 1.1% at 36,722. The Nikkei closed up 0.4%, South Korea's market rose 2.1%, while Australia and New Zealand markets gained less than 0.1% and 0.5%, respectively. India's market was last up 1.5%, and Singapore's market rose 0.2%. (fc/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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