Why it matters
- The STOXX 600 was at about 648.78 around 12:40 GMT on Thursday, Oct. 29, up 0.72% from Wednesday, Yahoo Finance data showed. The DAX was up about 1.03% and the CAC 40 1.10%.
- The ECB kept its three key rates unchanged on Thursday, its press release said, with the deposit rate at 2.50%. It said rising energy prices pose upside risks to inflation and downside risks to growth.
- Earnings drove the big moves. Renault rose about 6.9%, Adidas 3.9% and Shell 3.8%, while Haleon fell about 14.3%, Lloyds 4.8% and BBVA 3.6%, Yahoo Finance data showed.
Session recap: what happened in this region's trading day, with sources.
European stocks rose on Thursday, Oct. 29, as strong results from Shell, Adidas and Renault lifted markets ahead of the European Central Bank's decision, Trading Economics said. The STOXX 600 was at about 648.78 around 12:40 GMT, up 0.72% from Wednesday, according to Yahoo Finance data. Germany's DAX was up about 1.03%, France's CAC 40 1.10% and London's FTSE 100 0.60%. The ECB then kept its key interest rates unchanged, with the deposit rate at 2.50%, according to its press release at 13:15 GMT.
| Market, about 12:40 GMT | Level | Change vs. Wednesday |
|---|---|---|
| STOXX Europe 600 | 648.78 | +0.72% |
| Euro STOXX 50 | 6,191.98 | +0.39% |
| DAX (Germany) | 25,969.44 | +1.03% |
| FTSE 100 (U.K.) | 10,759.06 | +0.60% |
| CAC 40 (France) | 7,973.74 | +1.10% |
| FTSE MIB (Italy) | 49,833.29 | +0.02% |
| IBEX 35 (Spain) | 18,815.20 | −0.36% |
Source: Yahoo Finance chart data. Levels are intraday, delayed and approximate; changes are from Wednesday, Oct. 28, closes.
Did the ECB change interest rates today?
No. The ECB's Governing Council kept its three key interest rates unchanged on Thursday, Oct. 29, the bank said in a press release at 14:15 CET (13:15 GMT). The deposit facility rate stays at 2.50%, the main refinancing rate at 2.65% and the marginal lending rate at 2.90%. The ECB last raised rates by a quarter point at its Sept. 10 meeting.
| ECB rate | Level after Oct. 29 |
|---|---|
| Deposit facility | 2.50% |
| Main refinancing operations | 2.65% |
| Marginal lending facility | 2.90% |
Source: European Central Bank.
The ECB said energy prices have continued to rise, posing upside risks to the inflation outlook and downside risks to growth, while underlying inflation has stayed broadly stable and wages show no material response so far. It said financing conditions have tightened since its last meeting. The bank repeated that it will decide meeting by meeting and is not pre-committing to a rate path. President Christine Lagarde holds a press conference at 14:45 CET (13:45 GMT), the release said. The next monetary policy meeting is Dec. 16-17, the ECB calendar shows.
Is Christine Lagarde leaving the ECB?
Yes. ECB President Christine Lagarde told the Governing Council and European Council President António Costa on Thursday that she will step down on Feb. 7, 2027, the ECB said in a press release. Her successor will be appointed by the European Council under the EU treaty's nomination process, it said. The release did not give a reason.
Why is the FTSE 100 up today?
Energy shares led. Shell was up about 3.8% around 12:40 GMT and BP 2.7%, Yahoo Finance data showed. Shell raised its fourth-quarter buyback to $5 billion from $3 billion on higher earnings, helped by strong refining profits, Trading Economics said. Haleon fell about 14.3% after cutting its full-year revenue outlook, and Lloyds fell about 4.8% after it kept its guidance unchanged despite beating third-quarter profit forecasts, it said.
Which European stocks are moving?
In Frankfurt, Adidas was up about 3.9% after record profits and a raised full-year outlook, Trading Economics said. Deutsche Telekom rose about 2.3%, on reports of a possible delay to its planned T-Mobile merger, it said, and Vonovia fell about 2.9% after a more cautious outlook. Airbus rose about 2.7% after keeping its full-year forecasts.
In Paris, Renault jumped about 6.9% after resilient third-quarter revenue on strong electric vehicle sales, and TotalEnergies rose about 2.0% after beating forecasts, Trading Economics said. Spain lagged: BBVA fell about 3.6% after lower domestic profits and Banco Santander 1.5%. Tech slipped, with ASML down about 0.6% and SAP 0.9%, Yahoo Finance data showed.
What is moving bonds, oil and the euro?
Germany's 10-year Bund yield was at about 3.35% and France's 10-year yield at about 4.91%, both down about 0.03 point, Trading Economics said, as oil fell. December Brent was at about $114.15 a barrel around 12:45 GMT, Yahoo Finance data showed, down 1.01% from Wednesday's $115.32 settlement reported by Reuters. The euro was at about $1.1130 around 13:00 GMT, and the pound at about $1.3322.
What comes next for European markets?
Asia's session is in our Asia Thursday recap, and U.S. GDP, futures and Amazon's results are in our day-ahead guide. Wednesday's session is in our Europe Wednesday 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
- European Central Bank, Monetary policy decisions (Oct. 29, 2026)
- European Central Bank, Monetary policy decisions (Sept. 10, 2026)
- European Central Bank, ECB President Lagarde to step down on 7 February 2027 (Oct. 29, 2026)
- European Central Bank, Governing Council meeting calendar
- Trading Economics, Euro area stock market
- Trading Economics, Germany stock market (DAX)
- Trading Economics, U.K. stock market (FTSE 100)
- Trading Economics, France stock market (CAC 40)
- Trading Economics, Germany 10-year Bund yield and France 10-year yield
- Reuters via Investing.com, Oil prices rise on Yemen fighting, Saudi refinery attack (Oct. 28, 2026)
- Yahoo Finance, chart data for the STOXX Europe 600, Euro STOXX 50, DAX, FTSE 100, CAC 40, FTSE MIB, IBEX 35, Shell, BP, Haleon, Lloyds, Adidas, Deutsche Telekom, Vonovia, Airbus, Renault, TotalEnergies, BBVA, Banco Santander, ASML, SAP, Brent December, EUR/USD and GBP/USD