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The Economic Times

World / The Economic Times

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Global Market: European stocks edge lower as Kering slumps, oil prices rise

European shares slipped as Kering plunged 10.4% following weak Gucci sales, while rising oil prices and French political uncertainty dampened sentiment. The STOXX 600 fell 0.13%, extending losses amid AI stock volatility and debt concerns. Holcim gained 5.2% after raising its earnings forecast, offering limited support to markets.

23 Oct 2026 2:42 pm