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Yahoo BusinessOct 27, 2020
Europe Stocks Open Lower, U.S. Futures Fluctuate: Markets Wrap
(Bloomberg) -- European stocks opened down on Tuesday and U.S. futures fluctuated as investors weighed positive earnings reports against concerns that surging coronavirus cases will hurt the global economy.Declines in European energy and auto share offset gains in banks after powerhouse HSBC Holdings Plc reported credit losses would be at the lower end of its previously announced range. Spanish lender Banco Santander SA's earnings beat estimates and may have boosted its case to resume dividends. Swiss drugs giant Novartis AG erased an early share gain after lifting its earnings forecast.S&P 500 futures signaled the index may hold much of Monday's decline, which was the largest in a month. Crude oil nudged higher, while Treasuries and German bunds were steady."Even as equities sold off yesterday, bond yields did not fall by much," ING Groep NV strategists including Padhraic Garvey wrote in a note. "The bond market is still sniffing a slightly better medium-term outlook, especially in the U.S."Investors will look for market catalysts later on Tuesday from U.S. pharmaceutical company earnings and data on durable-goods orders and consumer confidence. In the meantime, surging coronavirus infections are adding to an already cautious mood with the U.S. election a week away and time running out to finish an aid package before then.Europe took a step closer to the strict rules imposed during the initial wave of the pandemic, with leaders struggling to regain control of the spread while confronting growing opposit

MarketWatch Breaking NewsOct 27, 2020
European stocks struggle as investors juggle earnings with COVID-19 resurgence
European stocks struggle as investors juggle earnings with COVID-19 resurgence

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