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European Equities Close Mixed in Wednesday Trading; French Inflation Decreases 1% in September
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European Equities Close Mixed in Wednesday Trading; French Inflation Decreases 1% in September
Oct 15, 2025 9:37 AM

12:12 PM EDT, 10/15/2025 (MT Newswires) -- The European stock markets closed mixed in Wednesday trading as the Stoxx Europe 600 rose 0.69%, Germany's DAX was off 0.11%, the FTSE 100 declined 0.30%, France's CAC surged 1.99%, and the Swiss Market Index increased 0.76%.

Seasonally adjusted industrial production was down 1.2% in the euro area and 1.0% in the European Union in August compared with July, according to preliminary estimates from Eurostat, the statistical office of the EU. Compared with a year earlier, industrial production was up 1.1% each in the euro area and the EU.

The highest annual increases were in Ireland (+28.6%), Luxembourg (+9.5%) and Sweden (+8.3%), while the sharpest declines were in Bulgaria (-8.6%), Slovakia (-6.3%) and Denmark (-5.0%).

In France, the consumer price index decreased 1.0% in September after a 0.4% increase in August, according to the National Institute of Statistics and Economic Studies, which attributed the decline mainly to a sharp seasonal downturn in services prices. On an annual basis, consumer prices rose 1.2% in September after increasing 0.9% in August.

In Spain, the annual rate of the harmonized index of consumer prices was 3.0% in September, compared with 2.7% the previous month, according to the Spanish Statistical Institute.

And in corporate news, Stellantis is recalling 298,439 units of its Chrysler's certain 2013-2016 Dodge Dart vehicles, the US National Highway Traffic Safety Administration said Wednesday. The regulator said the shifter cable may detach from the transmission, preventing the vehicle from shifting into the parking position and causing a loss of park function and may allow the vehicle to roll away, increasing the risk of a crash.

Shares of the automaker rose 3.3% on the CAC in Paris.

UBS Group has lost a $440 million claim against Japan's SoftBank related to the collapse of Greensill Capital in 2021, the Financial Times reported Wednesday. The report said the London High Court dismissed the claim, stating that SoftBank held a stake in Greensill Capital but did not orchestrate the soured investments that Credit Suisse, now part of UBS, made with Greensill.

In response to MT Newswires' request for comment, UBS acknowledged the Court's decision and said, "The CS Fund is reviewing the judgment and evaluating next steps."

Shares of the Swiss banking giant declined 1.5% in Zurich.

Novo Nordisk started implementing a round of layoffs in the US on Tuesday, with notifications to be sent out to the affected employees this week and next, Reuters reported Wednesday, citing an email and two sources familiar with the matter.

The layoffs in the US will continue until late next week, according to a schedule in the email cited by Reuters. The departments with job cuts include human resources, clinical development, rare diseases, medical and regulatory, legal, ethics and compliance, marketing and sales, finance, and public affairs, the report said.

Novo Nordisk did not immediately reply to a request for comment from MT Newswires.

Shares of the Danish pharmaceutical giant gained 0.9% in Copenhagen.

ASML reported Wednesday fiscal Q3 earnings of 5.48 euros ($6.37) per diluted share, up from 5.28 euros per share a year earlier. Net sales for the quarter ended Sept. 28 were 7.52 billion euros, up from 7.47 billion euros a year earlier. Analysts polled by FactSet expected 7.76 billion euros.

Shares of the Dutch semiconductor company climbed 3.4% in Amsterdam.

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