The Ferrari marque logo, the overgarment of arms with the lettering and a rising equine (cavallino rampante), tin beryllium seen connected the rim of a conveyance from the sports car shaper successful Munich (Bavaria) connected April 6, 2025.
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LONDON — European stocks opened successful antagonistic territory connected Tuesday, reversing affirmative sentiment seen astatine the commencement of the caller trading month.
The pan-European Stoxx 600 traded much than 1.1% little astatine 8:05 a.m. (3:05 a.m.ET).
The U.K.'s FTSE scale opened astir 0.7% lower, portion Germany's DAX fell 1.5%, France's CAC 40 was down 1.4% and Italy's FTSE MIB dropped 1.1%.
European stocks had opened the caller trading week — and period — connected a affirmative enactment up of a engaged week of cardinal slope decisions and earnings; connected Tuesday, we'll beryllium getting third-quarter results from BP, Philips, Geberit, Associated British Foods and Ferrari.
Releasing its latest net earlier, Saudi Aramco posted a 0.9% leap successful third-quarter profit connected the backmost of higher production, adjacent arsenic prices remained nether pressure.
BP's net volition beryllium intimately watched Tuesday aft the lipid major advanced astir 1.2% connected Monday aft it announced that it would merchantability definite U.S. onshore midstream assets successful the Permian and Eagle Ford basins to Sixth Street for $1.5 billion.
Taking a look astatine planetary markets, Asia-Pacific markets traded mixed overnight and U.S. banal futures were somewhat lower. That comes aft the S&P 500 and Nasdaq Composite both closed higher yesterday connected the backmost of continued enthusiasm astir the artificial quality trade.
Stocks tied to the biggest AI players drove Monday's gains, with Amazon inking a $38 cardinal deal with OpenAI that took the e-commerce elephantine to a grounds closing high, ending the time 4% higher.
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