UK39;s Schroders down after reporting high outflows
France39;s Bouygues rises after ninemonth profit beat
Rate decisions in the US, UK, Sweden and Norway this week
STOXX up 0.2
Nov 5 Reuters Europe39;s STOXX 600 flitted between gains and losses on Tuesday as investors gauged a slew of downbeat earnings, including from Danish firm Vestas and UK39;s Schroders, while all eyes remained on the U.S. presidential election.
The panEuropean benchmark was trading 0.2 higher, after slipping as much as 0.2 earlier in the session. Basic resources led gains in the benchmark index with a nearly 1 jump.
Democrat Kamala Harris and Republican Donald Trump remain neckandneck in opinion polls, with voters due to cast their ballots later in the day, although the winner will likely not be known for days after voting ends.
A full sweep for Trump is probably good news for U.S. domestic equities, bad news for European and international equities, said Ben Ritchie, head of developed market equities at abrdn.
If Harris wins, the market reaction will probably be fairly muted, although you may see something of a relief in European and international equities.
Trump39;s policies on immigration, tax and tariffs are generally viewed as inflationary, which could prompt higher U.S. interest rates.
Vestas, the world39;s largest maker of wind turbines, slid 10.5 after reporting a lowerthanexpected thirdquarter operating profit, and also forecast its fullyear operating profit margin to be at the…