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Wednesday, October 30, 2024

European stocks fall under pressure from disappointing business results

European stocks fall under pressure from disappointing business results

The European STOXX 600 index closed down 1.3 percent and was on track to record its worst monthly performance in a year. The index recorded its lowest levels since mid-September during the session.

And he fell Technology sectorwhich includes chip manufacturers, more than two percent.

Shares in French IT consulting group Capgemini fell six percent after reducing its 2024 revenue forecast for the second time this year.

The basic resources sector ended a series of gains that lasted for three sessions, affected by the loss of 4 percent in Anglo American shares after the head of BHP said that the company had withdrawn from acquiring the British mining company.



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