{"id":27870,"date":"2022-11-09T17:26:07","date_gmt":"2022-11-09T17:26:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/11\/09\/european-stocks-close-on-weak-note-after-cautious-session\/"},"modified":"2022-11-09T17:26:07","modified_gmt":"2022-11-09T17:26:07","slug":"european-stocks-close-on-weak-note-after-cautious-session","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/11\/09\/european-stocks-close-on-weak-note-after-cautious-session\/","title":{"rendered":"European Stocks Close On Weak Note After Cautious Session"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks closed lower on Wednesday, tracking weakness in the U.S. market amid uncertainty about the outcome of the U.S. midterm elections.<\/p>\n<p>According to reports, the Republicans are likely to earn a narrow majority in the House. Several candidates backed by former President Donald Trump have reportedly underperformed.<\/p>\n<p>Investors also digested a slew of earnings announcements.<\/p>\n<p>The pan European Stoxx 600 ended 0.3% down. The U.K.&#8217;s FTSE 100, Germany&#8217;s DAX and France&#8217;s CAC 40 edged down by 0.14%, 0.16% and 0.17%, respectively. Switzerland&#8217;s SMI climbed 0.71%.<\/p>\n<p>Among other <span class=\"landLinks\">markets<\/span> in Europe, Austria, Belgium, Denmark, Ireland, Netherlands, Norway, Russia and Sweden closed weak.<\/p>\n<p>Czech Republic, Finland, Greece, Portugal and Spain ended higher, while Iceland, Poland and Turkiye closed flat.<\/p>\n<p>In the UK market, Ocado Group drifted down 5%. Informat, Harbour Energy, Glencore, Shell and Vodafone Group ended lower by 2 to 4%.<\/p>\n<p>Melrose Industries, BT Group, Natwest Group, Pearson and ICP also ended notably lower.<\/p>\n<p>Smiths Group, Associated British Foods, Admiral Group, Haleon, RS Group, Persimmon, Taylor Wimpey, Berkeley Group Holdings, Fresnillo, AstraZeneca, Dechra Pharmaceuticals and GSK gained 1.5 to 3.6%.<\/p>\n<p>In the German market, Covestro ended lower by about 3.7%. Bayer, Zalando, HelloFresh, Deutsche Bank, Continental, BASF, Daimler and Infineon Technologies lost 1 to 2.3%.<\/p>\n<p>Lender Commerzbank tumbled more than 7% after reporting a 52% fall in its third-quarter net profit.<\/p>\n<p>Evotec plunged nearly 10% after the drug discovery development company kept its outlook for FY22 unchanged.<\/p>\n<p>Siemens Healthineers surged nearly 4%. Adidas gained about 3.75% and Vonovia climbed 2.5%, while RWE, Henkel, Symrise, Merck, Brenntag and Munich RE gained 1 to 2%.<\/p>\n<p>In Paris, Renault, Faurecia, Valeo, ArcelorMittal and Vivendi lost 2 to 4%. Atos, Societe Generale and Air France-KLM also ended notably lower.<\/p>\n<p>Carrefour, Danone and Publicis Groupe gained 1 to 1.5%. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Stocks Close On Weak Note After Cautious Session<\/a><br \/>\n<br \/>2022-11-09 17:26:07<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks closed lower on Wednesday, tracking weakness in the U.S. market amid uncertainty about the outcome of the U.S. midterm elections. According to reports, the Republicans are likely to&#8230;<\/p>\n","protected":false},"author":2,"featured_media":27871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-27870","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/27870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=27870"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/27870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/27871"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=27870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=27870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=27870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}