Oct. 22 at 4:42 PM
European stock markets were lower on Tuesday, as investors considered increasing geopolitical instability & global interest-rate cut uncertainties, along with a slowing European economy & declining Chinese demand, while German software firm SAP's strong outlook did boost tech stocks & helped the country's main stock index somewhat buck the sluggish trend, comprising 15% of the index..
$SAP shares rose +5%, hitting a record high, after it increased its full-year targets on strong cloud business for Q3. Paris
$CAC 40 -0.01%, Frankfurt
$DAX -0.20%, Italian FTSE -0.64%, Spain’s Ibex -0.07% & London
$FTSE -0.14%. European STOXX 600 -0.21% at 520.40. The travel & leisure and tech sectors outperformed, climbing +1% & +0.8%, respectively. Utilities & telecoms were the worst-performing sectors, down by -1.5% & -1%, respectively.
