European Shares Slip Ahead Of Economic Data

London: 8 November 2023 (TraderMade): European shares slipped on Wednesday as investors focused on economic data and corporate earnings, with utilities and financials taking a hit. Significant energy stocks declined by 1.2%, and insurance stocks lost 0.7%.

Investors were awaiting remarks from significant central bank chiefs,including US Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde, and Bank of England Governor Andrew Bailey, for insights into the outlook for interest rates.

European Indices Updates

FTSE 100 (UK100)

The Financial Times Stock Exchange Index (FTSE 100) slightly improved in the last two days to 7421.7 after closing at 7403.7002 on Monday, 6 November. It shows a 0.24% increase.

DAX 30 (GER30)

DAX Performance Index, an index showing the performance of 40 German blue chip companies, closed on Monday, 6 November at 15194.40039. At about 11:50 AM GMT, the index was at 15147.7, showing a 0.31% decrease.

CAC 40 (FRA40)

The benchmark French stock index, CAC 40, was at 7046.8999 on 6 November and dipped to 6996.9 today, indicating a decline of 0.71%.

IBEX 35 (ESP35)

IBEX 35, the benchmark stock market index of Bolsa de Madrid, closed on Monday, 6 November, at 9301.09961. Today, it was at 9259.8, showing a slip of 0.44%.

So, most European indices dipped on Wednesday compared to their status at the beginning of the trading week.