European stocks opened somewhat higher connected Thursday, arsenic traders reviewed different batch of net reports, and arsenic U.S. marketplace declines weighed connected planetary sentiment.
The pan-European Stoxx 600 was up 0.55% by 8:50 a.m. London time, with the bulk of large bourses and sectors trading successful affirmative territory. Travel and leisure stocks added 2.21% portion retail shares were the sole outlier, dipping 0.2%.
Shares of French manner location Hermes gained 2.3%, earlier paring summation slightly, aft the institution reported a important summation successful 3rd 4th sales, arsenic request for its Birkin bags continued to outweigh a wider downturn successful luxury sales. Shares were past seen up 1.8%.
Barclays shares besides roseate 2.85% aft the British slope reported better-than-expected third-quarter results.
The instrumentality to affirmative sentiment comes aft U.S. markets declined connected Wednesday. The Dow ended the league with its biggest one-day nonaccomplishment since aboriginal September, dropping much than 400 points, oregon 0.96%. The S&P 500 slipped 0.92%, portion the Nasdaq Composite fell 1.6%. It was the 3rd consecutive losing time for the Dow and the S&P 500.
The declines prompted Asia-Pacific markets to mostly autumn overnight. U.S. banal futures linked to the S&P 500 traded adjacent the flatline.
— CNBC's Lisa Kailai Han contributed to this marketplace summary
European markets unfastened somewhat higher
European stocks opened up somewhat higher connected Thursday, arsenic traders reviewed different batch of net reports.
The pan-European Stoxx 600 was up 0.25% successful opening trade, with the bulk of large bourses and sectors trading successful affirmative territory. Travel and leisure stocks added 1.13% portion retail shares led losses, dipping 0.24%.
The U.K.'s FTSE 100 index opened 0.55% higher astatine 8,304, Germany's DAX up 0.47% astatine 19,460, France's CAC up 0.48% astatine 7,533 and Italy's FTSE MIB 0.45% higher astatine 34,888.
— Karen Gilchrist
Hermes income emergence 11.3% successful 3rd quarter
FILE PHOTO: View of a Hermes Silver Metallic Chevre Birkin 30 container up for auction astatine Sotheby's successful New York City, U.S., June 1, 2023.
Roselle Chen | Reuters
Shares of French manner location Hermes gained 2.3% aft the institution reported a important summation successful 3rd 4th sales, arsenic request for its Birkin bags continued to outweigh a wider downturn successful luxury sales, particularly successful China.
The French manner location recorded revenues of 3.7 cardinal euros ($3.99 billion) successful the 3 months to September, up 11.3% year-on-year. Hermes maintained its medium-term guidance of continued gross growth.
Growth was slowest successful the Asia Pacific region, excluding Japan, the institution said, portion noting that it hadn't observed an further diminution successful China aft it reported "downturn successful traffic" astir the Chinese New Year period.
— Karen Gilchrist
Barclays nett jumps 23% successful 3rd quarter
One Churchill Place skyscraper, the Barclays Plc headquarters, astatine Canary Wharf successful London, U.K., connected Thursday, Jan. 7, 2021.
Bloomberg | Bloomberg | Getty Images
British bank Barclays on Thursday reported £1.6 cardinal ($2 billion) nett net attributable to shareholders for the 3rd quarter, beating expectations.
The effect compared with the £1.17 cardinal nett net forecast successful an LSEG canvass of analysts, and was 23% higher than the aforesaid play successful 2023.
Revenue for the play came successful astatine £6.5 billion, somewhat up of a forecast of £6.39 billion.
— Jenni Reid
Renault revenues emergence successful the 3rd quarter
A Renault Espace E-Tech afloat Hybrid (L) and a Megane E-Tech 100% Electric EV (C) are displayed during the Geneva Motor Show 2024 astatine Palexpo connected Feb. 26, 2024 successful Geneva, Switzerland.
John Keeble | Getty Images News | Getty Images
French carmaker Renault connected Thursday reported an unexpected uptick successful third-quarter gross amid beardown request for its pricier models.
Group gross for the play came successful astatine 10.7 cardinal euros ($11.54 billion), up 5% from the aforesaid play of 2023 astatine changeless speech rates, driven by the motorboat of 10 caller products this year.
Auto revenues reached 9.3 cardinal euros, up 2.6% connected a constant-exchange complaint basis, the institution said.
— Karen Gilchrist
CNBC Pro: Want to currency successful connected the roar successful robots? Bernstein names 3 stocks to play the trend
Robots - oregon automated devices that tin execute tasks without quality involution - are witnessing a "new inflection point" and respective planetary stocks are starring successful a country of the ecosystem, according to Bernstein.
These stocks are captured nether the arc welding conception oregon "one of the largest robotic applications," the concern banks' analysts noted. Such robots relationship for astir 10 - 20% of yearly robot shipments, they added, naming 3 overweight-rated stocks they like.
CNBC Pro subscribers tin work much here.
— Amala Balakrishner
CNBC Pro: Bernstein names its apical European banal picks — and gives 4 much than 50% upside
Bernstein has identified a fistful of European companies arsenic apical banal picks, with 4 showing imaginable gains of much than 50 percent.
The stocks named span divers sectors, from recreational conveyance manufacturing to semiconductor production, reflecting Bernstein's assurance successful assorted European marketplace segments.
CNBC Pro subscribers tin work much here.
— Ganesh Rao
Tue, Oct 22 202411:45 PM EDT
European markets: Here are the opening calls
European markets are expected to unfastened successful level to mixed territory Wednesday.
The U.K.'s FTSE 100 scale is expected to unfastened 3 points little astatine 8,304, Germany's DAX up 8 points astatine 19,440, France's CAC down 9 points astatine 7,529 and Italy's FTSE MIB down 47 points astatine 34,490, according to information from IG.
It's a engaged time for net Wednesday, with Deutsche Bank, Roche, Heineken, Volvo, Swedbank and AkzoNobel among the companies reporting. On the information front, Europe user assurance figures are due.
— Holly Ellyatt
English (US) ·