{"id":22806,"date":"2023-09-28T02:27:15","date_gmt":"2023-09-28T02:27:15","guid":{"rendered":"https:\/\/microloannexus.com\/news\/european-markets-live-updates-stocks-data-and-earnings\/"},"modified":"2023-09-28T02:27:16","modified_gmt":"2023-09-28T02:27:16","slug":"european-markets-live-updates-stocks-data-and-earnings","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=22806","title":{"rendered":"European markets live updates: Stocks, data and earnings"},"content":{"rendered":"<div id=\"107307470-post\">\n<h2 class=\"LiveBlogBody-subtitle\">Europe stocks close at six-month low<\/h2>\n<div class=\"group\">\n<p>Europe&#8217;s benchmark <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">Stoxx 600<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> index closed Wednesday at its lowest level since March 28, LSEG data showed, as concern over the dual pressures of inflation and slowing growth continued to weigh on sentiment.<\/p>\n<p>The U.K.&#8217;s <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">FTSE 100<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> slipped 0.4% through the session, while Germany&#8217;s <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">DAX<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> was 0.3% lower and France&#8217;s <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">CAC 40<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> was flat.<\/p>\n<p>The Stoxx is down 2.3% in the month to date, still a little better than its 2.8% decline in August.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><\/div>\n<\/div>\n<p><iframe title=\"Stoxx 600.\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=.STOXX&amp;range=5D&amp;type=line&amp;embedded=true&amp;%24DEVICE%24=undefined\" height=\"460\" scrolling=\"no\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>Stoxx 600.<\/p>\n<\/div>\n<\/div>\n<div id=\"107307448-post\">\n<h2 class=\"LiveBlogBody-subtitle\">Oil and gas stocks gain as crude prices tick higher<\/h2>\n<div class=\"group\">\n<p>Oil and gas stocks were 1.5% higher on Wednesday afternoon amid broader downbeat trading as oil prices surged on supply concerns.<\/p>\n<p>International benchmark <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">Brent crude futures<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> were up 2.9% at $96.75 a barrel at 4:25 p.m. London time, while <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">WTI futures<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> climbed 3.4% to $93.81.<\/p>\n<p>U.S. energy stocks also outperformed the wider market and were 2% higher.<\/p>\n<p><em>\u2014 Jenni Reid<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107307384-post\">\n<h2 class=\"LiveBlogBody-subtitle\">Pound, euro continue slide<\/h2>\n<div class=\"group\">\n<p>The <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">British pound<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">euro<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> continued to decline against the U.S. dollar Wednesday, having lost support from market expectations of future interest rate rises, which tend to boost currencies.<\/p>\n<p>Both the Bank of England and European Central Bank have indicated they are putting rate hikes on hold as inflation nudges lower and economic weaknesses mount. Federal Reserve officials continue to suggest U.S. rates may need to go higher, meanwhile.<\/p>\n<p>Sterling was 0.1% lower at $1.214 at 3:35 p.m. London time \u2014 its lowest level since March 16 \u2014 while the euro was down 0.5% at $1.0517.<\/p>\n<p><em>\u2014 Jenni Reid<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107307360-post\">\n<h2 class=\"LiveBlogBody-subtitle\">U.S. stocks open in positive territory Wednesday<\/h2>\n<div class=\"group\">\n<p>All three major stock indexes opened higher on Wednesday morning.<\/p>\n<p>The Dow Jones Industrial Average rose 112 points, or 0.33%. The S&amp;P 500 edged higher by 0.3%, while the Nasdaq Composite added over 0.4%.<\/p>\n<p><em>\u2014 Lisa Kailai Han<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107307237-post\">\n<h2 class=\"LiveBlogBody-subtitle\">\u2018I expect Sterling to weaken further from here\u2019, strategist says<\/h2>\n<div class=\"group\">\n<p>Jim McCormick, macro strategist at Citi, discusses the outlook for the U.S. economy after the Federal Reserve&#8217;s latest meeting, and the impact it is having on global economies, including that of the U.K.<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-107307216\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-107307216\" class=\"PlaceHolder-smallMarginTop PlaceHolder-wrapper\" data-vilynx-id=\"7000316861\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/09\/107307217-16958075991695807597-31361309268-1080pnbcnews.jpg\" alt=\"'I expect Sterling to weaken further from here', strategist says\"><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"107307203-post\">\n<h2 class=\"LiveBlogBody-subtitle\">H&amp;M shares up 4% after beating third-quarter estimates<\/h2>\n<div class=\"group\">\n<p>Shares of H&amp;M were up more than 4% in morning trading despite reporting disappointing September sales after a strong third quarter.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" src=\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/a54b41835a8b60db28c2.svg.svg+xml\" class=\"Collapsible-dismissButton\" alt=\"hide content\"><\/div>\n<\/div>\n<p><iframe title=\"H&amp;M share price.\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=0HBP-GB&amp;range=1Y&amp;type=line&amp;embedded=true&amp;%24DEVICE%24=undefined\" height=\"460\" scrolling=\"no\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>H&amp;M share price.<\/p>\n<\/div>\n<div class=\"group\">\n<p>H&amp;M said unusually hot weather in September dented the month&#8217;s sales.<\/p>\n<p>The fashion retailer&#8217;s operating profit for June 1 to Aug. 31 came in at 4.74 billion Swedish krona ($431.5 million), beating the 4.72 billion forecast.<\/p>\n<p>In the release, H&amp;M also said it would be opening its first store in Brazil in 2025, and that it would gradually reopen its Ukraine stores from November.<\/p>\n<p><em>\u2014 Hannah Ward-Glenton<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107307192-post\">\n<h2 class=\"LiveBlogBody-subtitle\">Dutch insurance firms tumble on court ruling news<\/h2>\n<div class=\"group\">\n<p>Dutch insurance firms have fallen to the bottom of the pan-European Stoxx 600 index, led by NN Group, which fell 13% in early trade.<\/p>\n<p>NN Group announced late Tuesday that there could be &#8220;substantial&#8221; financial consequences for the company after an interim judgment by the Court of Appeal in The Hague.<\/p>\n<p>The ruling &#8220;may have a material adverse effect &#8230; it is not possible to reliably estimate or quantify NN Group&#8217;s overall exposures at this time,&#8221; the company said in a statement.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" src=\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/a54b41835a8b60db28c2.svg.svg+xml\" class=\"Collapsible-dismissButton\" alt=\"hide content\"><\/div>\n<\/div>\n<p><iframe title=\"NN Group share price.\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=0QVV-GB&amp;range=1Y&amp;type=line&amp;embedded=true&amp;%24DEVICE%24=undefined\" height=\"460\" scrolling=\"no\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>NN Group share price.<\/p>\n<\/div>\n<div class=\"group\">\n<p>The court said NN Group had not given enough information about the costs of investment-linked insurance products sold in the 1990s and 2000s. The group said it would appeal the judgment.<\/p>\n<p>Rival Dutch insurance firm <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">ASR Nederland<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> was down 9% after the announcement, while <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">Aegon<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> fell 3%.<\/p>\n<p>The market moves dragged down the wider insurance sector, which dropped 0.8%.<\/p>\n<p><em>\u2014 Hannah Ward-Glenton<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107307180-post\">\n<h2 class=\"LiveBlogBody-subtitle\">German consumer confidence unlikely to recover in 2023, GfK says<\/h2>\n<div class=\"group\">\n<p>German consumer confidence is unlikely to recover in 2023, a report by market research company GfK said, as translated by CNBC, and sentiment is set to be lower than expected in October.<\/p>\n<p>German consumers have clearly been tightening their belts, the report said, which has prompted sentiment to tumble.<\/p>\n<p>Consumer sentiment is set to fall to -26.5 for October, in terms of the institute&#8217;s index, which is a downward revision from the original forecast of -26.<\/p>\n<p>The institute forecast Germany&#8217;s consumer confidence would fall to -26 on its index for October,<\/p>\n<p><em>\u2014 Hannah Ward-Glenton<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107307189-post\">\n<h2 class=\"LiveBlogBody-subtitle\">European markets open muted<\/h2>\n<div class=\"group\">\n<p>European markets opened mixed Wednesday as investors continue to assess inflation, interest rates and the health of the global economy.<\/p>\n<\/div>\n<div class=\"group\">\n<p>The pan-European Stoxx 600 index was down 0.1% in early trade, with sectors spread across marginally negative and positive territory. Utilities stocks dropped 0.6% to lead minor losses, while tech and oil and gas stocks each saw a 0.2% uptick.<\/p>\n<p><em>\u2014 Hannah Ward-Glenton<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107306519-post\">\n<h2 class=\"LiveBlogBody-subtitle\">CNBC Pro: This cutting-edge British chip designer&#8217;s shares are set to soar over 100%, says Jefferies<\/h2>\n<div class=\"group\">\n<p>Shares of a British chip designer are set to soar by over 100% over the next 12 months, according to Jefferies<\/p>\n<p>The investment bank believes the company is designing chips for American Big Tech firms, which is expected to increase its profit margins.<\/p>\n<p>The chip stock is also seen as &#8220;one of the key potential beneficiaries&#8221; of the growing trend in artificial intelligence applications.<\/p>\n<p>CNBC Pro subscribers can read more here.<\/p>\n<p><em>\u2014 Ganesh Rao<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107306437-post\">\n<h2 class=\"LiveBlogBody-subtitle\">CNBC Pro: &#8216;I believe in the sector&#8217;: Investing in K-pop? Bernstein is a fan of this stock<\/h2>\n<div class=\"group\">\n<p>K-pop is a music phenomenon that stretches far beyond South Korea \u2014 and for investors wanting to cash in, there are just a few major agencies behind its more than 300 groups.<\/p>\n<p>Bokyung Suh, director and senior research analyst at Bernstein, is bullish on one of them in particular and shares a key reason behind his outperform rating on the stock.<\/p>\n<p>CNBC Pro subscribers can read more here.<\/p>\n<p><em>\u2014 Lim Hui Jie<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107306315-post\">\n<h2 class=\"LiveBlogBody-subtitle\">CNBC Pro: Forget India: One portfolio manager bucks the trend, says another market offers \u2018great value\u2019<\/h2>\n<div class=\"group\">\n<p>India&#8217;s growth prospects have seen many investors and big-name banks turn bullish on the country, but portfolio manager Kamil Dimmich says he&#8217;s steering clear.<\/p>\n<p>&#8220;We are probably in the minority in here [and] we don&#8217;t mind being in the minority,&#8221; Dimmich from North of South Capital told CNBC Pro Talks last week.<\/p>\n<p>Instead, he revealed an emerging market he says offers &#8220;great value,&#8221; with two of his favorite stocks.<\/p>\n<p>CNBC Pro subscribers can read more here.<\/p>\n<p><em>\u2014 Amala Balakrishner<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107103861-post\">\n<h2 class=\"LiveBlogBody-subtitle\">European markets: Here are the opening calls<\/h2>\n<div class=\"group\">\n<p>European markets are expected to open in mixed territory Wednesday.<\/p>\n<p>The U.K.&#8217;s <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">FTSE 100<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> index is expected to open 15 points lower at 7,613, Germany&#8217;s <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">DAX<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> down 17 points at 15,234, France&#8217;s <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">CAC<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> up 1 point at 7,072 and Italy&#8217;s <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">FTSE MIB<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> down 34 points at 28,072, according to data from IG.\u00a0<\/p>\n<p>Data releases include Russian industrial output, unemployment and retail sales for August, French consumer confidence figures for September and Swedish consumer confidence for the same month.<\/p>\n<p><em>\u2014 Holly Ellyatt<\/em><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/09\/27\/european-markets-live-updates-stocks-data-and-earnings.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe stocks close at six-month low Europe&#8217;s benchmark Stoxx 600 index closed Wednesday at its lowest level since March 28, LSEG data showed, as concern over the dual pressures of inflation and slowing growth continued to weigh on sentiment. The U.K.&#8217;s FTSE 100 slipped 0.4% through the session, while Germany&#8217;s DAX was 0.3% lower and<\/p>\n","protected":false},"author":1,"featured_media":22701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-22806","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European markets live updates: Stocks, data and earnings | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Europe stocks close at six-month lowEurope&#039;s benchmark Stoxx 600 index closed Wednesday at its lowest level since March 28, LSEG data showed, as concern\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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