European stocks stagnate; Deutsche Bank falls after returning to profit
Investing.com - European stock markets drifted Wednesday, with investors focusing on a deluge of third-quarter corporate earnings amid uncertainty over regional growth.The corporate sector was in the spotlight in Europe Wednesday, as the third quarter earnings season kicked into top gear.) stock fell over 3% after the lender warned of substantial credit losses in 2024, even as it bounced back to profit in the third quarter and announced plans for further share repurchases.) stock rose 1.
Away from the individual corporate stories, sentiment in Europe remains weak given concerns about lackluster regional growth. For 2025, the IMF forecast Germany's economy would grow only by 0.8%, having previously projected growth of 1.3%, while the eurozone economy, as a whole, is expected to grow by 0.8% in 2024 and 1.2% in 2025.cut interest rates last week, the central bank’s first back-to-back rate cut since 2011, and Reuters reported Wednesday that policymakers have begun to debate whether interest rates need to be lowered below a neutral setting, in order to start stimulating the economy.
Concerns about a possible escalation of the conflict between Israel and both Hamas and Hezbollah has seen traders attach a risk premium to crude prices, given the potential of supply disruptions to this oil-rich region.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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