{"id":65741,"date":"2025-10-24T05:32:32","date_gmt":"2025-10-24T05:32:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/10\/24\/european-shares-seen-up-as-intel-posts-surprise-q3-profit\/"},"modified":"2025-10-24T05:32:32","modified_gmt":"2025-10-24T05:32:32","slug":"european-shares-seen-up-as-intel-posts-surprise-q3-profit","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/10\/24\/european-shares-seen-up-as-intel-posts-surprise-q3-profit\/","title":{"rendered":"European Shares Seen Up As Intel Posts Surprise Q3 Profit"},"content":{"rendered":"
<\/div>

\n<\/p>\n

\n

European stocks are likely to open higher on Friday after semiconductor giant Intel reported third quarter earnings and revenue that topped Wall Street’s estimates. <\/p>\n

The company also provided an upbeat revenue outlook, suggesting it’s making progress on a comeback attempt.<\/p>\n

Investors also eagerly await a key U.S. CPI report later in the day, which was delayed due to the ongoing government shutdown.<\/p>\n

The core CPI, which excludes food and fuel, is expected to have climbed 0.3 percent for a third straight month, keeping the annual core CPI at 3.1 percent.<\/p>\n

The Federal Reserve is facing an unprecedented challenge as it prepares to announce its interest-rate decision next week with almost no economic data. <\/p>\n

Closer home, flash purchasing managers’ survey results from the euro area and the U.K. may garner some attention later in the day. <\/p>\n

On the geopolitical front, EU leaders agreed to help support Ukraine’s “financial needs” for the next two years, but a decision to use \u20ac140bn (\u00a3122bn) in Russian assets held in a Belgian clearing house was pushed back until December after concerns were raised by Belgium.<\/p>\n

Russian President Vladimir Putin said the country will never bow to U.S. pressure but conceded new sanctions could cause some economic pain.<\/p>\n

Asian markets<\/span> were mostly higher as a plan for Donald Trump and Xi Jinping to meet eased nerves around a trade war.<\/p>\n

The dollar index was steady in Asian trade but was poised for a small weekly gain against major rivals.<\/p>\n

Gold was poised to end its nine-week winning streak after a rather volatile week. Spot gold hit a new record high of $4374 per troy ounce Monday, before experiencing its sharpest decline in over a decade.<\/p>\n

West Texas Intermediate futures edged lower after climbing 5.6 percent to settle near $62 a barrel on Thursday, the most since the start of the Israel-Iran conflict on June 13.<\/p>\n

Overnight, U.S. stocks ended higher after President Donald Trump announced that he would meet with Chinese President Xi Jinping on Oct 30.<\/p>\n

It was also reported that a new round of negotiations aimed at resolving escalating trade tensions between the U.S. and China, will take place in Malaysia on Oct. 24-27.<\/p>\n

The tech-heavy Nasdaq Composite surged 0.9 percent despite mixed earnings updates from companies like Tesla and IBM Corp. The S&P 500 gained 0.6 percent and the Dow inched up 0.3 percent.<\/p>\n

European stocks closed higher on Thursday as mostly positive earnings offset reports suggesting that the White House is considering a plan to curb an array of software-powered exports to China, from laptops to jet engines.<\/p>\n

The pan-European Stoxx 600 rose 0.4 percent. The German DAX and France’s CAC 40 both edged up by 0.2 percent while the U.K.’s FTSE 100 added 0.7 percent. <\/p>\n<\/p>\n<\/div>\n