European stock indexes are predominantly lower during trading on Wednesday, with the exception of the French indicator.
Investors evaluated the latest inflation statistics and financial performance of companies in the region.
The composite index of the largest enterprises in Europe Stoxx Europe 600 as of 12:04 pm fell by 0.23% to 398.91 points.
German DAX loses 0.2%, British FTSE 100 – 0.35%, Italian FTSE MIB – 0.25%, Spanish IBEX 35 – 0.81%. Meanwhile, the French CAC 40 is up 0.04%.
Consumer prices in the eurozone in September increased by 9.9% in annual terms, according to the final data of the Statistical Office of the European Union.
The figure has been revised down from the previously announced 10%. Analysts did not expect a revision, writes Trading Economics. Inflation, despite a downward revision, is still a record high since the start of the data calculation.
The pace of consumer price recovery in the bloc accelerated from 9.1% in August.
Consumer prices in the UK jumped 10.1% year-on-year in September, according to data from the National Statistics Office (ONS) of the country.
Thus, the indicator returned to the July value, which became the highest in 40 years. Inflation accelerated compared to August, when it was 9.9%.
Analysts polled by Bloomberg, on average, expected a 10% increase in domestic consumer prices last month, as did respondents from Trading Economics.
Shares of Sartorius AG Pfd are among the drop leaders among the components of the Stoxx Europe 600 index. (-14%), supplying solutions for biopharmaceutical research.
Just Eat Takeaway.com is up 0.6% in Amsterdam trading. The Dutch food delivery service reduced the number of orders in the third quarter of 2022 by 11%. Just Eat Takeaway.com said in a report that it recorded positive adjusted EBITDA in the third quarter, returning to profitable levels ahead of schedule.
The Netherlands-based ASML Holding NV, Europe’s largest manufacturer of equipment for the production of chips, in the third quarter of 2022 received a net profit above market expectations. ASML shares are up 6.8%.
Shares of the Swiss Nestle are growing by 0.2%. The largest manufacturer of food and non-alcoholic beverages in the world increased its revenue in January-September by 9.2% and improved its forecast for the current year.
