Agencies Mixed bank results and rising oil prices weighed on European markets, while energy and technology shares advanced.
Synopsis European shares edged lower as investors assessed mixed bank earnings and rising oil prices ahead of the European Central Bank’s policy decision.
Technology and energy stocks gained, offering some support amid broader market weakness.
By Anupam Nagar, ETMarkets.com Oct 28, 2026, 04:02:00 PM IST Follow us European shares edged lower on Wednesday as investors assessed a fresh batch of corporate earnings, including results from Deutsche Bank and Santander, while rising oil prices weighed on market sentiment ahead of the European Central Bank's interest rate decision.ADVERTISEMENT The pan-European STOXX 600 index fell 0.16% to 642.64 points by 0811 GMT, as investors weighed contrasting performances among major banking stocks and monitored developments in the energy and technology sectors.
The results provided a boost to the broader European banking sector.
In contrast, shares of Spain's Santander dropped 2.9% following its third-quarter earnings report.
The decline weighed on Spain's bank-heavy benchmark, which fell 1%, making it the weakest-performing major European market.Rising oil prices added to investor caution, with crude gaining more than 2% and dampening risk appetite ahead of the ECB's policy decision on Thursday.
The European energy sector bucked the broader market weakness, advancing 0.4%.ADVERTISEMENT Technology stocks also provided support, rising 0.3% as enthusiasm around artificial intelligence investments regained momentum.
