European markets little changed as traders focus on U.S. Election Day; Schroders falls 11%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Source: CNBC
European Market Overview: European stocks showed little change as traders awaited the U.S. presidential election results and the Federal Reserve's rate decision, with notable movements in sectors such as mining and oil and gas.
Corporate Earnings and Job Cuts: Companies like Schaeffler and DHL reported significant profit declines and job cuts due to market conditions, while luxury retailer Hugo Boss confirmed its earnings outlook despite challenges in the Asia-Pacific region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
