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European stocks were little changed
European stocks were little changed, following yesterday’s biggest tumble in four weeks, as a report showed euro-area services and manufacturing contracted more than economists had estimated.
So, today it was announced that in October, preliminary PMI in the service sector eurozone fell to 46.2, the index in the manufacturing sector was 45.3, while the composite PMI fell to 45.8, the three results were lower than expected. Weak performance further clouded the picture, before a broken index PMI in France and Germany. Results of the study IFO in Germany also fell short of analysts' expectations in all categories.
Volvo AB slid 4.9 percent after the truckmaker’s third- quarter profit missed analysts’ estimates.
SAP AG gained 4 percent after the company raised its full-year revenue target as software license sales exceeded analysts’ projections.
FTSE 100 5,800.62 +2.71 +0.05%
CAC 40 3,417.26 +10.76 +0.32%
DAX 7,179.9 +6.21 +0.09%
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