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European equities swing sideways as third quarter revenues keep rolling in
On Tuesday, European bourses as well as indexes demonstrated mixed performance at the opening of markets because a fresh set of third-quarter profits pulled companies' stocks steeply in different directions.
The STOXX 600 stood still, gaining no more 0.02%, London's FTSE 100 lost 0.1%, France’s CAC 40 gained 0.3%, while Germany's didn’t change.
Apple supplier AMS made an impressive leap after it posted its earnings, soaring close to 20% in the first minutes of the session right before settling 15% higher.
Meanwhile, in Spain Caixabank raised the IBEX with a 2.3% soar having posted a 53% leap in nine-month net revenue, ahead of experts’ forecasts. Having lagged behind its rivals due to the Catalan crisis on Monday, the IBEX rebounded, demonstrating a 0.4% jump.
In Sweden, traders were disappointed by a mining company Boliden. Its equities went down more than 9%. Saab, a defense firm grew 5.5% having posted order bookings as well as revenues above market forecasts.
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