30.10.202513:51:26UTC+00European Stocks Slip on Thursday

The STOXX 50 and STOXX 600 indexes both experienced a 0.5% decline on Thursday as investors considered the implications of central bank activities, corporate earnings reports, and varied economic data. The European Central Bank decided to maintain interest rates for the third consecutive meeting, citing a stable inflation outlook. Meanwhile, the Federal Reserve reduced rates once more, although it signaled uncertainty regarding additional cuts in December. In terms of economic indicators, the Eurozone's GDP saw a 0.2% increase in the third quarter, surpassing expectations. However, growth was uneven among major economies—France and Spain showed robust advancements, while Germany and Italy exhibited stagnation. In the corporate sector, Schneider Electric's shares dropped 4.3%, even though it reported higher third-quarter revenues and reaffirmed its 2025 outlook, but indicated that anticipated organic growth and margin improvements might fall on the lower spectrum. Banco Santander's stock decreased by 3.5% due to slightly falling short of earnings per share predictions, whereas BBVA saw a 1.9% decline following lower profit results. Conversely, ING shares rose 5.5% as net profits exceeded forecasts, and Airbus saw a 3.2% gain following a strong third-quarter report and maintaining its 2025 guidance.