European equities swing sideways as third quarter revenues keep rolling in

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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