loading
loading
The pan-European STOXX 600 index fell 0.13% to 636.50 points by 0718 GMT, extending losses after recording its biggest one-day decline in three weeks on Thursday. The benchmark was on track to post a weekly decline as investors assessed corporate earnings alongside mounting economic and political risks. Also Read |Japan’s Nikkei falls over 1% as Wall Street tech selloff rattles markets According to Reuters, Kering shares plunged 10.4% after third-quarter sales at its flagship Gucci brand declined, undermining hopes that the company's turnaround strategy would deliver a recovery. Gucci's performance has remained a key concern for investors amid subdued demand in the global luxury goods market. In contrast, shares of Swiss cement maker Holcim rose 5.2% after the company raised its full-year earnings forecast, following better-than-expected quarterly sales and profits. The report stated that optimism surrounding a generally strong European earnings season had been overshadowed by concerns over social unrest and political uncertainty in France. French government bond yields climbed to a 24-year high earlier in the week, reflecting growing concerns about the country's fiscal outlook. Also Read |South Korean shares fall 2% as AI selloff weighs on global markets The rise in French borrowing costs has added to worries about the financial vulnerability of heavily indebted economies across the euro zone, creating another source of uncertainty for regional equity markets. A sell-off in artificial intelligence-linked stocks has also weighed on investor sentiment, as concerns about the sustainability of AI-related investments and their implications for global economic growth prompted investors to reassess risk exposure. Meanwhile, oil prices rose more than 1% on Friday, with Brent crude trading near multi-month highs. Higher energy prices have added to concerns about inflation and the potential for renewed pressure on businesses and consumers. According to Reuters, the combination of political uncertainty, pressure on technology stocks and rising energy prices has tempered the positive impact of corporate earnings on European markets. Investors will continue to monitor company results, developments in France and movements in energy prices for further clues on the direction of European equities. (Disclaimer: This article is based on inputs from agencies. These do not represent the views of The Economic Times) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-10-24 02:56