Vinci tumbled 2.9% after slower airport and motorway momentum
European Stocks Slip After Record Highs Amid Earnings and Economic Data
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European stocks edged lower Friday afternoon after briefly hitting record intraday highs, as investors digested corporate earnings and economic data amid hopes that US–China trade tensions may ease when Presidents Trump and Xi meet next week.
The STOXX 50 fell 0.3% to 5,660, while the STOXX 600 hovered near 574.
Among corporate movers, Sanofi rose 2.7% on a Q3 profit beat, Saab surged 7% after raising its full-year organic sales forecast, and NatWest gained 3.3% on higher Q3 profits and an upgraded performance target.
Vinci tumbled 2.9% after slower airport and motorway momentum, and Safran slipped 1.9% despite raising 2025 targets.
On the economic front, better-than-expected Eurozone PMI data reinforced expectations that the ECB will hold rates steady, while weaker US inflation data pushed traders to price in two more Fed rate cuts this year, with a possible third in January.
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