European stock markets fall more than 1% after earnings, in line with global aversion

As European scholarships they operate down more than 1% this Tuesday morning (4), following a global movement of risk aversion, while investors evaluate local corporate balance sheets.

At around 6:40 am (Brasília time), the pan-European Stoxx 600 index had fallen 1.46, to 563.90 points, touching the lowest level in more than two weeks.

At the time above, Wall Street index futures were down about 0.9% to 1.5%. In Asia, stock markets fell across the board today, in a possible profit-taking movement.

In the US, uncertainty about future cuts in US basic interest rates weighs on sentiment, equaling the record set by the 2018-2019 strike

During the earnings season, there was a negative highlight for Telefónica, which suffered a drop of almost 10% in Madrid. The Spanish telecommunications company increased profits, but also announced that it will cut its 2026 dividend in half.

In London, British oil company BP fell 1%, although it made more profit than expected in the last quarter.

At 6:55 am (Brasília time), the London Stock Exchange fell 1.05%, the Paris Stock Exchange fell 1.60% and the Frankfurt Stock Exchange fell 1.77%. Those in Milan, Madrid and Lisbon, in turn, had respective losses of 1.30%, 1.55% and 1.31%.

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