Autobayng News Team
- Published On Nov 3, 2025 at 06:31 PM IST
European stocks edged higher on Monday as investors digested a new round of earnings reports, while auto shares gained on optimism that Dutch chipmaker Nexperia‘s China plants will resume shipments.
The pan-European STOXX 600 rose 0.4per cent to 574.11 points by 0910 GMT, rebounding from a one-week low hit last week.
Auto stocks such as Renault, Mercedes Benz and Aumovio gained over 3.3per cent each after a that the White House will soon announce the news on Nexperia. The Dutch government recently seized control of Nexperia, owned by Chinese company Wingtech, which prompted Beijing to block Nexperia products from leaving China, creating supply disruptions for automakers globally.Against this backdrop, the broader auto sector had logged its second-straight month of declines in October. “After what it seems to have been an unrelenting string of bad news from European carmakers, this gives them a bit of a shot in the arm. It’s not a turnaround, but it’s certainly a bit more support that we’re looking for,” said Chris Beauchamp, c Meanwhile, earnings continued into a new week, although reports so far have showed European companies lagging their U.S. peers in terms of profit growth. GTT advanced 4.3per cent after the French LNG containment system specialist raised its annual revenue and core earnings forecast.six-month post-tax profit and lifted its passenger traffic forecast after earlier than expected Boeing deliveries and strong first-half demand. However, shares of Europe’s largest airline by passenger numbers lost 2.4per cent.
Meanwhile, Campari slid 2per cent after Italian tax police said they had worth 1.29 billion euros ($1.5 billion) from a Luxembourg-based holding company that controls the Italian drinks group over alleged tax evasion.
BP gained as much as 1.7per cent after the UK energy company announced plans to in the Permian and Eagle Ford midstream assets of its US onshore oil and gas business to funds managed by investment firm Sixth Street for $1.5 billion.European stocks sustained declines late last week as hawkish comments from the US Federal Reserve and no signs of a dovish move by the European Central Bank disappointed investors.However, optimism on the global trade front following thawing Sino-US trade tensions helped the STOXX 600 log its fourth-straight month of gains in October.
On the policy front, the spotlight this week will be on interest rate decisions by central banks in Norway, Sweden and the UK.
- Published On Nov 3, 2025 at 06:31 PM IST
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