FX.co ★ European Stocks Lower

On Thursday, both the STOXX 50 and STOXX 600 indices declined by 0.3% as investors evaluated a series of corporate earnings reports, pivotal economic data, the Federal Reserve's recent decision, and news regarding an agreement between Presidents Trump and Xi. Concurrently, market participants were anticipating a European Central Bank (ECB) policy announcement, with expectations that there would be no change to the current monetary policy. New data indicated that the Eurozone's GDP grew by 0.2% in the third quarter, surpassing the predicted 0.1%. However, growth was uneven among the bloc’s major economies, with robust performances from France and Spain, while Germany and Italy saw little to no growth. Schneider Electric experienced a nearly 4% decline in its stock price following a slight revision to its 2025 targets. TotalEnergies also saw a decrease of 2.4% after revealing a modest drop in net income. BBVA's share price fell by 2.4% due to lower reported profits, and WPP plummeted by 12.7% after issuing a profit warning. Volkswagen reversed earlier gains, closing 1.7% down after posting its first quarterly loss in five years.