European Stocks Slip but Head for Solid Monthly Advance

2025-10-31 10:30 By Joana Taborda 1 min. read

The STOXX 50 fell 0.7% and STOXX 600 dropped 0.5% on the final trading day of October, as mostly negative earnings trimmed optimism on European growth.

Linde fell 2% after reporting softer-than-expected revenues.

Also, AXA sank 4.5% even though the insurer kept its annual targets.

Saint-Gobain fell 3.6% after the company reported a 0.2% drop in Q3 revenue on a comparable basis and Telefonica fell 2% after news it is set to cut its dividend as part of a new strategy plan due next week.

ASML Holding (-2%), Deutsche Telekom (-2%), and Allianz (-2.2%) were also lower.

In contrast, Danske Bank rose 3% and was among the top performers of the STOXX 600 after its profit slightly topped forecasts.

Anheuser-Busch and Vivendi also gained more than 2% each.

Considering the October month, the STOXX 50 gained 2.6% and the STOXX 600 added 2.8%.

In turn, expectations of the ECB's policy path were loosely unchanged after Eurozone inflation loosely met expectations.



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