World Market News of the 25 October with FXOpen #stocks #stoxx #nikkei #kospi #crudeoil #brent #wti
☑️ EUROPEAN SHARES SLIP ON AUTO PRESSURE, SET FOR WEEKLY LOSS
The pan-European STOXX 600 was down 0.3% as of 0718 GMT, on track for its first weekly loss in three as investors navigated corporate earnings, the global rate-cut trajectory and the upcoming U.S. elections.
Auto stocks fell 0.9% while NatWest’s (NWG.L), opens new tab positive results underpinned bank stocks, up 0.4%.
German automaker Mercedes-Benz fell 3.7% after third-quarter earnings in core car division massively missed estimates, while Valeo shed 7.5% as the automotive supplier cut its annual sales guidance for the second time this year.
Source: Reuters
☑️ ASIAN STOCKS ARE MOSTLY HIGHER, WHILE JAPAN’S NIKKEI FALLS AHEAD OF WEEKEND ELECTION
Tokyo’s Nikkei 225 index lost 1% to 37,, while the Japanese yen rose against the U.S. dollar. Early Friday, the dollar was trading at yen, down from yen.
Hong Kong’s Hang Seng added 1.1% to 20,, and the Shanghai Composite ga
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