European stocks fall affected by concerns about US debt ceiling ‎and weak corporate results

European stocks fell today, Wednesday, as investors continued to worry about the results of negotiations to raise the US debt ceiling and whether they would lead to avoiding default, in addition to a group of weak earnings results topped by financial market management companies.

By 0716 GMT, the Stoxx 600 index of European shares fell 0.3 percent, and financial services and real estate companies led the losses.

According to “Reuters”, Euronext shares fell 4.2 percent after the financial markets operating company announced a decrease in its revenues and profits in the first quarter of the year, and the London Stock Exchange Group share fell 4.2 percent after a consortium of investors, including the American payments company Blackstone and Thomson Reuters, sold shares worth It amounts to about 2.7 billion pounds ($ 3.41 billion).

Germany’s Commerzbank fell 3.7 percent despite its net profit doubling in the first quarter of the year.

UBS Group shares stabilized after the Swiss bank announced that it expected to incur a financial loss of about $17 billion as a result of the acquisition of Credit Suisse.

But the German share of SABB rose 1.6 percent after the software company raised its entire forecast for 2025 profits, and announced a share buyback worth up to five billion euros.

German Siemens rose 2.7 percent after the engineering and technology company raised its forecast for full-year sales and profits.