European stocks closed mixed on Wednesday (December 3) amid a series of corporate updates, as markets continued to gauge the euro's divergent interest rate outlook against that of the Fed and the ECB. The Eurozone STOXX 50 edged up 0.1% to 5,693, and the broader STOXX 600 gained 0.1% to 576.
ECB President Lagarde noted that the bloc's inflation is expected to remain close to target, while Executive Board Member Lane warned of upside risks. Meanwhile, downbeat US jobs data reinforced speculation of a Fed rate cut next week. ASML jumped 2.6% after its ratings were upgraded by Bank of America and JPMorgan, while Inditex surged 9% on strong earnings and confirmation of its full-year outlook.
Stellantis also jumped 7.7% after its ratings were upgraded by UBS, and Airbus rose 1.5% as it maintained its financial targets despite revising its delivery schedule. On the other hand, financial stocks fell sharply, with Allianz, ING, and Santander falling between 2% and 1.3%. (alg)
Source: Trading Economics
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