"European equities advanced on Wednesday, reversing earlier losses as investor sentiment improved on the back of rate-cut expectations in the US and a slightly more constructive political tone in France. Retailers led gains, with Inditex jumping over 6% after posting a strong start to its autumn sales campaign. The upbeat figures suggested a recovery in consumer momentum despite what the company described as a "complex market environment.""
"Novo Nordisk also contributed to the positive tone, climbing after announcing a major restructuring plan involving 9,000 job cuts. The company framed the move as a proactive shift to defend its market position in an increasingly competitive weight-loss sector. Meanwhile, SAP benefited from a sector-wide uplift in cloud-related names, following Oracle's upgraded revenue guidance. Airbus also posted gains as management noted improvements in aircraft delivery flows, despite continued engine supply constraints."
European equities recovered losses as investor sentiment improved on US rate-cut expectations and a slightly more constructive political tone in France. Retailers led gains, with Inditex jumping over 6% after a strong start to its autumn sales campaign, suggesting recovering consumer momentum amid a "complex market environment." Novo Nordisk climbed after announcing a restructuring involving 9,000 job cuts, framed as a proactive move to defend market position in a competitive weight-loss sector. SAP rose with a sector-wide uplift in cloud names following Oracle's upgraded revenue guidance. Airbus gained as delivery flows improved despite engine supply constraints. Markets await the ECB decision and US inflation data.
Read at London Business News | Londonlovesbusiness.com
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