European stocks opened slightly higher on Thursday as traders reviewed another batch of earnings reports, while losses in U.S. markets weighed on global sentiment.
Pan-European Stoke 600 The index was up 0.62% as of 9:30 a.m. London time, with most major exchanges and sectors in positive territory. Travel and leisure stocks rose 2.21%, while retail stocks were the only exception, falling 0.2%.
shares Renault The French automaker reported an unexpected rise in third-quarter revenue on strong demand for its pricier models, sending its shares up 7%.
french fashion house Hermes The company reported a sharp rise in sales in the third quarter as demand for Birkin bags continued to outweigh a general decline in luxury goods sales. The company’s shares rose 2.3% before retreating slightly. Shares last traded up 1.8%.
at the same time, barclays bank Bank of England shares also rose 2.85% after the bank announced better-than-expected third-quarter results.
Sentiment returned to optimism after U.S. markets fell on Wednesday. The Dow Jones Index closed down more than 400 points, or 0.96%, the largest one-day drop since early September. this S&P 500 Index fell 0.92%, while Nasdaq Index down 1.6%. It was the third straight day of losses for the Dow Jones and S&P 500.
These losses contributed to most of the losses in Asia-Pacific markets overnight. U.S. stock futures tied to the S&P 500 were trading near the flat line.
—CNBC’s Lisa Kailai Han contributed to this market summary
