European shares end week in the red as earnings disappoint By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 25 2024
0mins
Source: Investing.com
Market Performance: Europe's main stock index, the STOXX 600, closed flat for the second consecutive day and recorded its first weekly loss in three weeks, primarily due to disappointing earnings from auto-related companies like Mercedes-Benz and Valeo, as well as Electrolux.
Sector Highlights: Despite overall losses, some companies saw gains; Signify rose 10% following a positive quarterly report, while Sanofi and NatWest also experienced increases after exceeding earnings expectations and raising income forecasts, respectively.
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.
