Traders work on the floor of the New York Stock Exchange (NYSE) on October 29, 2025 in New York City, USA.
Brendan McDiarmid | Reuters
LONDON – European stocks followed U.S. stocks into positive territory, with European stocks reversing early losses to close significantly higher on Wednesday.
pan-european Stocks 600 The stock briefly rose 0.25% after the final bell, smoothing out losses seen earlier in the session.
The lackluster sentiment seen earlier in Europe was followed overnight by similar developments in the U.S. and Asia-Pacific markets, as investors appeared to be increasingly worried about the high valuations of AI stocks and tech companies, fearing a bubble could form.
But Wall Street’s major averages rebounded Wednesday morning, including big AI companies like Advanced Micro Devices. oracle and Nvidia It recorded a profit in early trading in New York.
Sentiment was also dealt a blow yesterday when the CEOs of Goldman Sachs and Morgan Stanley warned investors to brace for market declines over the next two years.
Earnings continue
Wednesday was another busy day with European financial results.
novo nordisk The stock fluctuated between positive and negative territory throughout the morning, closing 4.5% lower. The Danish drugmaker reported a net profit of 20 billion Danish kroner ($3.1 billion) in its third-quarter earnings report, matching analysts’ expectations of 20.12 billion Danish kroner.
BMW Shares rose 6.9% after the German automaker posted third-quarter preinterest profit of 2.3 billion euros, in line with analyst expectations.
meanwhile, Orsted The Danish wind energy company closed flat after posting a net loss of DKK 1.7 billion in the third quarter, higher than analysts’ expectations for a net loss of DKK 1.95 billion.
As for central banks, the Riksbank announced that it would keep interest rates unchanged at 1.75%.
— CNBC Li Ying Xiang, Sarah Ming
