BNP Paribas drops after Q3 results
EU CPI due at 1000 GMT
STOXX 600 down 0.7

Oct 31 Reuters Europe39;s benchmark index fell on Thursday, dragged down by dour corporate earnings, with the benchmark set to record its worst monthly performance in a year.

The panEuropean STOXX 600 was down 0.7, falling to its lowest level in nearly two months.

The index is down 2.9 for the month, poised to drop for a second straight month, and is set to log its worst monthly performance since October 2023. Its previous steepest monthly drop in that period was a 1.5 decline in April.

This month39;s sentiment was heavily influenced by the nailbiting U.S. presidential election. The uncertainty surrounding who will take up residence in the White House sent a wave of investors scurrying towards safehaven assets like gold and the U.S. dollar .

Trump threatening so many tariffs that concerns what is this going to mean for international trade. We39;re likely going to see a decrease in productivity in a lot of companies that deal with the U.S., so investors are concerned, said Daniela Hathorn, senior market analyst at Capital.com.

All the STOXX 600 subsectors were trading in the red, with the retail sector falling the most, with a 2.3 decline.

Ratesensitive real estate stocks also fell over 1.

Technology stocks dropped 1.1.

Overnight, results from Meta and Microsoft showed Big Tech is stepping up AI investments but the lack of quick and big returns has worried investors.

The results…