Why it matters
- The STOXX 600 was at about 650.04 around 13:50 GMT on Tuesday, Nov. 3, up 0.09% from Monday, Yahoo Finance data showed. It had opened down 0.62% as tech stocks slid, CNBC reported.
- Earnings drove the big moves. Bayer rose about 6.4% after raising its 2026 profit forecast, and Philips about 6.5% after a deal with U.S. prosecutors over its 2021 recall, Reuters reported.
- London lagged. The FTSE 100 was down about 0.43% as BP fell 2.9% and Associated British Foods 2.9%, Yahoo Finance data showed.
Session recap: what happened in this region's trading day, with sources.
European stocks clawed back early losses on Tuesday, Nov. 3. The STOXX 600 was at about 650.04 around 13:50 GMT, up 0.09% from Monday's close, according to Yahoo Finance data, after opening down 0.62% with tech shares down 2.1%, CNBC reported. Strong earnings lifted Bayer, Philips and Lufthansa, while software and oil stocks lagged.
| Market, about 13:50 GMT | Level | Day |
|---|---|---|
| STOXX Europe 600 | 650.04 | +0.09% |
| Euro STOXX 50 | 6,188.07 | +0.19% |
| DAX (Germany) | 25,988.03 | +0.03% |
| FTSE 100 (U.K.) | 10,714.80 | −0.43% |
| CAC 40 (France) | 8,089.01 | +0.51% |
| FTSE MIB (Italy) | 50,165.22 | +0.43% |
| IBEX 35 (Spain) | 18,974.50 | +0.09% |
Source: Yahoo Finance chart data. Levels are intraday, delayed and approximate; changes are from Monday, Nov. 2, closes.
Why did European stocks fall at the open?
Tech stocks led the early drop. Investors were reassessing the AI-driven rally after disappointing results from big U.S. cloud companies last week, and Apple's weak gross margin forecast for the holiday quarter added to the caution, Reuters reported. The STOXX 600 was down 0.4% at 647.13 at 09:55 GMT. Markets were also waiting for the U.S. midterm elections on Tuesday, it said.
Chipmakers later recovered, as chip stocks also bounced in U.S. premarket trading, CNBC reported. ASML was about flat around 13:50 GMT, while ASM International was up about 1.8% and BE Semiconductor about 2.8%, Yahoo Finance data showed.
Which European stocks are moving?
Bayer was up about 6.4%, Yahoo Finance data showed, after it raised its 2026 profit forecast, Reuters reported. Philips was up about 6.5% after reaching a preliminary agreement with the U.S. Department of Justice to end investigations tied to its 2021 recall of sleep and respiratory-care devices, Reuters said. Lufthansa gained about 6.5%; analysts called its results broadly resilient even though the airline trimmed its annual profit forecast, Reuters reported.
Drax rose about 7.7% in London after partnering with Brookfield and Radiant on a data center project, Reuters said. On the downside, TeamViewer sank about 26.6% after cutting its full-year revenue growth forecast, Investing.com reported. SAP fell about 3.4% and Zalando 3.4%, Yahoo Finance data showed. Adidas was down about 1.0% after UBS cut it to "sell," Reuters said.
Why is the FTSE 100 down today?
Oil and consumer stocks weighed on London. BP was down about 2.9% and Shell 1.7%, and Associated British Foods fell about 2.9%, Yahoo Finance data showed. Coca-Cola Europacific Partners was down about 1.3%. The Bank of England announces its rate decision on Thursday, Nov. 5.
What is moving oil, bonds and currencies?
Oil swung. Brent rose in the morning after a U.S. official said the U.S. had struck Iran's Qeshm Island, Reuters reported. January Brent was at about $106.92 around 08:30 GMT, Yahoo Finance data showed. It then turned lower and was at about $101.62 around 13:45 GMT, down 3.0% from Monday's $104.77 settlement reported by Reuters. CNBC tied the afternoon drop to speculation about progress in U.S.-Iran talks.
Germany's 10-year Bund yield was about 3.29%, Trading Economics said. The euro was at about $1.1198 and the pound at about $1.3422. Swiss inflation rose to 1.5% in October, above the 1.3% economists expected, CNBC reported.
What comes next for European markets?
Asia's session and the RBA hike are in our Asia Tuesday recap, and U.S. futures, the elections and today's data are in our day-ahead guide. Monday's session is in our Europe Monday recap, and live levels are on the markets page.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- Reuters via Euronext, Europe stocks slip on AI concerns, escalating Iran tensions (Nov. 3, 2026)
- Investing.com via Yahoo Finance, European shares slide as Apple margin warning trigger global tech rout (Nov. 3, 2026)
- CNBC, S&P 500 futures rebound as chip stocks bounce, oil turns lower on Election Day: Live updates (Nov. 3, 2026)
- Reuters via Investing.com, Oil drops 7% as Iran signals openness to peace talks (Nov. 2, 2026)
- Trading Economics, Germany 10-year Bund yield
- Bank of England, upcoming MPC dates
- Yahoo Finance, chart data for the STOXX 600, Euro STOXX 50, DAX, FTSE 100, CAC 40, FTSE MIB, IBEX 35, Bayer, Philips, Lufthansa, Drax, TeamViewer, SAP, Zalando, Adidas, ASML, ASM International, BE Semiconductor, BP, Shell, Associated British Foods, Coca-Cola Europacific Partners, January Brent, EUR/USD and GBP/USD