FX.co ★ European Stocks Mixed

European stocks displayed a cautious stance on Thursday, with the STOXX 50 oscillating near the baseline and the STOXX 600 experiencing a 0.1% decline. Investors are processing a multitude of corporate earnings reports, key economic data, the latest Federal Reserve decision, and a deal brokered between Presidents Trump and Xi while anticipating the European Central Bank announcement later in the day. On Wednesday, the Federal Reserve cut the federal funds rate by 25 basis points, as anticipated, though Chair Powell signaled that another rate reduction in December is not guaranteed. The ECB is expected to maintain its current monetary policy. Meanwhile, Shell experienced a 0.3% decline following the announcement of another share buyback program. TotalEnergies saw a 1.6% decrease after revealing a slight drop in net income, and BBVA's shares fell nearly 2% due to a dip in net profit. WPP plummeted 8.8% after issuing a profit warning. Conversely, Volkswagen rose by 1.3% as it assured that vehicle production at its German plants would proceed next week, despite the company reporting its first quarterly loss in five years.