European stocks close without a single direction, with US elections and balance sheets

European stock markets closed without a single direction this Wednesday (9) in a session marked by balance sheets and the results of the US midterm elections, which showed a government more divided than expected.

In London, the FTSE 100 is down 0.14% to 7,296.25 points, while the CAC 50 in Paris is down 0.17% to 6,430.57 points and the FTSE MIB in Milan is up 0.36. %, at 23,780.07 points.

In Madrid, the IBEX 35 index rose 0.66%, to 8,052.00 points and the DAX index, in Frankfurt, dropped 0.16%, to 13,666.32 points.

On the Lisbon Stock Exchange, the PSI 20 rose 0.34% to 5,790.16 points. Quotations are preliminary.

The results of the midterm elections in the United States stirred up the New York stock exchanges and, in the wake of Wall Street, the European stock exchanges reacted to the more divided government, without the Republican “red wave” materializing. The election is crucial to define the direction of economic projects in the country in the next two years.

Investors also kept expectations for the US consumer price index (CPI) for October, which comes out on Thursday (10), on their radar.

According to analysts consulted by Broadcast (Grupo Estado’s real-time news system), annual US CPI gains should decelerate, but at a level still far from the Federal Reserve’s 2% target.

Commerzbank reported on Wednesday that it had net income of 195 million euros in the third quarter of this year, a result lower than the 403 million euros in the same period last year.

The company’s total revenue stood at 1.89 billion euros, down 5.9% year-on-year. The bank’s shares fell more than 6%.

Still, investors are still keeping China’s inflation on their radar, which rose to an annual rate of 2.1% in October, less than the 2.3% analysts had expected. The producer price index (PPI) fell 1.3% in October compared to the same month last year, compared with a 0.9% growth in September, official data showed.