European equities inch up

European equities inch up

On Friday, European stocks managed to creep higher in early deals because revenues weighed on stocks in French bank Societe Generale as well as Dutch telecoms firms Altice, although profits for tech equities and carmakers restricted losses.

The STOXX 600 index gained 0.1%, set for its second week of revenues in a row. Meanwhile, euro zone blue chips STOXX50E headed south 0.1% too.

Britain's FTSE 100 reacted to the BoE’s first rate lift in more than a decade. As a result, the benchmark grew 0.3%.

Friday turned to be another busy day of revenues, with the banking sector attracting traders’ attention. Societe Generale edged down 3.8% right after the French bank posted third quarter earnings with a 15% slide at its investment banking arm.

Telecoms company Altice happened to be another big loser, tumbling approximately 7.9% having unveiled cautious full-year objectives amidst a bit weaker-than-anticipated third quarter results.

 

 

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