European stocks were slightly lower in early trading October 28, with bank earnings producing divergent share-price reactions ahead of U.S. policy and technology announcements.
The STOXX 600 stood at 642.64, down 0.16%, at 8:11 a.m. GMT, or 3:11 a.m. CDT, Reuters reported. That figure is a dated intraday observation, rather than a closing price.
Deutsche Bank gained 3.5% after its results, while Santander fell 2.9%. Spain’s bank-heavy benchmark declined about 1%.
Investing.com separately reported the broader European index near flat, down about 0.1%, with Germany, France and Italy little changed and London’s FTSE 100 lower. It reported gains for BNP Paribas and Standard Chartered following their quarterly updates.
Investors faced the Federal Reserve’s decision later Wednesday and earnings from Alphabet and Microsoft after U.S. markets close. The European Central Bank’s policy decision was due Thursday.
Sources: Reuters, October 28 early European market report; Investing.com, October 28 European shares report.