CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

European shares flat as investors eye earnings; energy drags

By Reuters News

Oct 26 (Reuters) - European shares were subdued in early trading on Monday as investors digested a slate of corporate earnings amid upheaval in France, while oil prices dipped on hopes of de-escalation in the Middle East conflict.

The pan-European STOXX 600 index .STOXX was flat at 636.26 points by 0809 GMT, after logging its steepest weekly loss since early September on Friday.

Oil prices fell after surging to near six-month highs last week, as hopes grew for a de-escalation in tensions between the United States and Iran. Top officials from Mecca Pact countries Saudi Arabia, Turkey and Pakistan are also set to meet Iran's leaders in Tehran on Monday.

The broader energy sector .SXEP was down 0.7%.

Travel stocks .SXTP were a bright spot, up roughly 1%, helped by lower oil prices.

On the earnings front, Portugal's Galp Energia GALP.LS reported a 68% rise in third-quarter adjusted net profit on Monday, beating expectations. Shares of the company were down 8.5%

Shares of technology services provider Computacenter CCC.L gained 6.8% after the company raised its annual profit guidance.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.