European markets close mixed as investors follow earnings and ECB hike; Credit Suisse down 18%

European markets closed mixed on Thursday as investors digested a string of corporate earnings and the ECB’s latest monetary policy decision.

Pan-European Stoxx 600 oil and gas stocks led the gains, up 3.5%, while mining stocks and tech stocks closed provisionally higher by 0.1%. Mining stocks and technology shares ended the session down about 1.7% and 1.6%, respectively. The blue-chip index pared early losses after the European Central Bank announced a 75 basis point rate hike - its third consecutive hike this year - while also laying out new conditions for European banks. Thursday saw notable corporate earnings from Credit Suisse, Shell, Unilever and TotalEnergies Shares of Credit Suisse fell more than 18% on the day after the bank posted a huge third quarter loss. Bank shares were up 1.1% overall. US shares opened higher on Thursday morning as investors shrugged off disappointing results from Meta Platforms. Shares in Asia-Pacific were mixed on Thursday as investors digested economic data from the region.

EUROPEAN MARKETS

STOCK	COMPANY	PRICE	CHANGE	% CHANGE
.FTSE	FTSE 100	7047.67	-26.02	-0.37
.GDAXI	DAX	13243.33	32.1	0.24
.FCHI	CAC 40 Index	6273.05	29.02	0.46
.FTMIB	FTSE MIB	22529.2	-61.21	-0.27
.IBEX	IBEX 35 Idx	7916.5	-4.6	-0.06

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