European stocks rebound after 4 sessions of gains

The pan-European Stoxx 600 index fell Wednesday as investors worry about hyperinflation, the possibility of higher interest rates, and conflicting corporate earnings reports.
The index closed 0.5% lower, ending a streak of four straight wins driven mainly by better hopes for a better-than-expected earnings season and the reversal of UK fiscal policy which caused a major shock to the markets.
The data showed Britain’s inflation rate of 10.1 percent in September, equivalent to a 40-year high in July, putting more pressure on the Bank of England to step up interest rate hikes to curb interest rates. prices.
More than half of the sectors listed on the Stoxx 600 index fell, with the real estate and retail sectors leading the losses. On the other hand, the technology sector rose with excellent results from ASML.
Shares in the company were up 8.2% after the chip equipment maker posted good sales and profits in the third quarter and said it did not expect a significant impact from US sanctions on China.
Shares of Handelsbanken jumped 6.2% after the Swedish bank posted record profits that exceeded expectations as interest income rose due to rising inflation and tightening monetary policy.
Sartorius shares fell 16.6% after the French-German laboratory equipment maker said it expects revenue for 2022 to be in the lower half of its forecast range.