Energy stocks advanced after natural gas prices soared following a shutdown of a pipe and crude oil jumped after a conflict in the Middle East flared up. Airline stocks fell.
Alstom SA plunged after the French rail transportation company slashed its cash flow outlook. Imperial Brands announced a stock repurchase plan. Thales SA won an order from Polish arms agency.
Novartis spun off its generic pharmaceuticals division Sandoz. Tesco lifted its annual profit outlook. Spirent Communication lowered its annual outlook.
Banco Bilbao Vizcaya received a clearance from the ECB to launch its stock repurchase plan. The German financial regulator stepped up its oversight on the ongoing customer service lapses at its Post Bank unit. BAE Systems won an order to build attack submarines.
UK home builders continued to slide lower on the worries of higher mortgage rates. 888 Holdings trimmed its full-year earnings outlook. Ryanair cut its winter schedule on Boeing aircraft delivery delays.
Banks and insurance in the Euro Area declined on the worries of higher-for-longer interest rates in the region. Dutch insurance companies fell after a court reversed an earlier ruling against NN Group.
Luxury stocks fell for the second week in a row on the deepening woes in the Chinese property sector. Smiths Group reported higher operating profit for the year.
Adevinta, the Norwegian online marketplace confirmed a takeover approach from a private equity consortium. A joint venture of Tele2 and Telenor acquired wireless spectrum licenses in Sweden.
European automakers advanced after August automobile sales jumped in August. The UK education group Pearson appointed new chief executive. UK homebuilders advanced after home prices rose in August.
Crude oil and natural gas explorers advanced after crude oil prices traded at 10-month highs. Banks advanced for the second day in a row ahead of the Bank of England's rate decision. MTU Aero Engines extended recent losses.
Luxury stocks advanced after China economic data showed slight improvement. H&M reported third quarter sales below market expectations. Bayer AG may trim management jobs.
European automakers declined after China notched up its disagreement with the European Commission's latest investigation. Trainline plc announced a stock repurchase program. Nordex won a turbine order from renewable company in Spain.
Aviva Plc said it plans to exit from its Singlife joint venture in Singapore. Inditex, the owner of Zara, reported profit in the first-half jumped 40%. Hunting Plc reiterated its fiscal outlook for 2023 and 2024.
Associated British Foods lifted its full-year profit estimate for the second time in four months citing broad improvement in sales. Vallourec SA reiterated its full-year operating earnings estimate. Smurfit Kappa agreed to merge with the U.S. based WestRock.
