Paris Soir - European stocks fall after gains in Asia, US

NYSE - LSE

RBGPF	0%	76	$
CMSC	1.01%	23.83	$
RYCEF	0.99%	15.1	$
SCS	0.38%	15.93	$
RELX	0.63%	44.58	$
AZN	-1.08%	81.15	$
GSK	-0.28%	46.69	$
RIO	1.69%	69.06	$
BCC	1.36%	71.38	$
NGG	0.31%	75.37	$
JRI	0.51%	13.77	$
VOD	0.62%	11.27	$
CMSD	0.79%	24.01	$
BP	1.57%	35.68	$
BTI	1.67%	53.88	$
BCE	0.45%	22.39	$

European stocks fall after gains in Asia, US

ECONOMY 06.11.2025

European stocks fall after gains in Asia, US / Photo: SPENCER PLATT - GETTY IMAGES NORTH AMERICA/AFP

European stock markets dropped Thursday following gains in Asia and on Wall Street as traders reacted to positive US jobs data and mixed earnings.

Text size:

The Bank of England is expected to keep its key interest rate unchanged in a decision due at 1200 GMT, but some analysts are not ruling out a cut before a UK budget next month that is set to feature tax rises.

Asian stock markets closed higher following US gains Wednesday, clawing back some of the hefty losses suffered earlier in the week on AI bubble fears.

"A reading implying an improved jobs market in the US proved helpful to sentiment on financial markets," noted AJ Bell investment director Russ Mould.

Jobs growth in the US private sector soared past analysts' expectations in October, payroll firm ADP said Wednesday, while it was one of the few economic indicators to come out in recent weeks owing to the US government shutdown.

Private sector employment jumped by 42,000 in October, rebounding from a loss of 29,000 jobs in September.

Mould added signs that a majority of the US Supreme Court was sceptical about the legality behind a swath of President Donald Trump's sweeping tariffs also lent support to equities.

Weighing on European sentiment were some poorly-received company earnings and official data that showed industrial production in Germany rebounded less than expected in September.

Shares in Hikma Pharmaceuticals slumped 11 percent on London's top-tier FTSE 100 index after the company lowered its profit forecast.

Legrand, the French maker of electrical products, shed 10 percent after revenue rose less than forecast.

Elsewhere, the European Union on Thursday announced a formal antitrust probe against stock exchange operators Nasdaq and Deutsche Boerse over "possible collusion" involving financial derivatives.

- Key figures at around 1045 GMT -

London - FTSE 100: DOWN 0.3 percent at 9,749.71 points

Paris - CAC 40: DOWN 0.4 percent at 8,042.98

Frankfurt - DAX: DOWN 0.1 percent at 24,036.98

Tokyo - Nikkei 225: UP 1.3 percent at 50,883.68 (close)

Hong Kong - Hang Seng Index: UP 2.1 percent at 26,485.90 (close)

Shanghai - Composite: UP 1.0 percent at 4,007.76 (close)

New York - Dow: UP 0.5 percent at 47,311.00 (close)

Euro/dollar: UP at $1.1510 from $1.1488 on Wednesday

Pound/dollar: UP at $1.3062 from $1.3048

Dollar/yen: DOWN at 153.80 yen from 154.13 yen

Euro/pound: DOWN at 88.12 pence from 88.40 pence

Brent North Sea Crude: UP 0.6 percent at $63.88 per barrel

West Texas Intermediate: UP 0.7 percent at $60.02 per barrel

burs-bcp/lth

F.Colin--PS

Featured

Bank of England leaves rate unchanged before UK budget

The Bank of England kept its key interest rate at 4.0 percent Thursday, opting against a cut before the UK government's annual budget this month set to feature tax rises.

Drugmaker AstraZeneca profit jumps as US business grows

British pharmaceutical giant AstraZeneca announced surging quarterly profit Thursday on strong sales of cancer drugs and as the group zones in on the United States, pressured by President Donald Trump.

Scandic Trust Group strengthens sales network with First Idea Consultant

As the Hong Kong daily "HongKong Telegraph" recently learned, the SCANDIC TRUST GROUP, an internationally operating conglomerate that is not active in the hotel industry, is expanding its international sales network: After successfully passing a thorough KYC and AML check (process control to verify identity, prevent money laundering, terrorism financing and all corporate activities) by bankers, the Dubai‑based and internationally active corporate association "FIRST IDEA CONSULTANT" will be integrated into the SCANDIC TRUST GROUP as a new sales partner under the name "SCANDIC SETUP".FIRST IDEA CONSULTANT, founded by internationally experienced bankers under the leadership of Amir Aslam, has for years successfully supported international founders and investors in the legally compliant establishment of companies and business accounts in the Gulf states of the GCC (Gulf Cooperation Council). Thanks to a multilingual team of experts in German, English, Russian, Ukrainian, Hindi, Arabic and Chinese, clients worldwide are accompanied professionally.

US to cancel flights as longest govt shutdown drags on

US officials said the scheduled capacity for flights was being cut by 10 percent in 40 busy air traffic areas nationwide on Friday, as the longest government shutdown drags on.