29.10.202508:37:29UTC+00European Stocks Cautious

The STOXX 50 and STOXX 600 indices remained near the unchanged mark on Wednesday, following a session of minor declines on Tuesday and hitting record highs on Monday. Investors exercised caution as they awaited the Federal Open Market Committee's (FOMC) decision later in the day and assessed a new batch of corporate earnings reports. The automotive and banking sectors drove gains, while the travel and leisure, household goods, and insurance sectors lagged behind. UBS saw a 2.3% increase in its stock price after announcing a significant rise in net profit. Similarly, GSK's shares rose by 4% following an upward revision of its earnings forecast, and Deutsche Bank's shares increased by 3% after reporting an unexpected rise in earnings. Santander's shares went up 1.5% after achieving a sixth consecutive quarterly record in net income, Mercedes-Benz's shares surged 6% after affirming its yearly guidance and resuming its share buyback program, and Next's shares climbed 4.9% following an upward revision of its profit outlook. Conversely, Equinor's shares dropped by over 1% due to a more significant than anticipated profit decrease. SAP continued its downward trend with a 1.4% loss, and Adidas's shares fell 1% after the company cautioned about a challenging market environment due to US tariffs.