As of about 6:35 PM IST (13:05 GMT), Tuesday 3 November 2026. Figures are attributed to the sources that published them; anything not independently confirmed is flagged.
European shares traded lower on Tuesday 3 November, reversing part of Monday's gains, as technology stocks fell and oil prices recovered some of their 7% to 8% drop of the previous session. The rebound followed reports that the US carried out a limited strike on Iran's Qeshm Island in the Strait of Hormuz. US stock futures were mixed ahead of the open as Americans vote in the midterm elections. Polls have not closed, and this article does not cover results.
All prices below are intraday snapshots at the times stated and will have changed since.
Europe (intraday)
- Stoxx 600: about 646.9, down roughly 0.4%, at around 12:25 GMT, according to Yahoo Finance data. Earlier in the morning it was down as much as 0.8% at 644.44, RTTNews reported.
- Germany's DAX: down about 1.1%. France's CAC 40: down 0.7%. UK's FTSE 100: down about 0.5%. These are mid-morning figures from RTTNews.
- Tech: the sector fell about 2%, with Aixtron down 3.5% and ASML down 2.8% in early trade, according to Reuters via Euronext.
European movers (per RTTNews, mid-morning)
- Bayer: up 5.5% after stronger-than-expected third-quarter sales and a higher 2026 profit outlook.
- TeamViewer: down 24% after cutting its 2026 revenue growth forecast.
- Zalando: down 5.3% on weaker gross margins.
- Philips: up 3% after beating core earnings expectations. Newsquawk said it also announced a settlement with the US Justice Department over faulty sleep apnoea devices.
- Lufthansa: up 2.7% after higher third-quarter net profit. Newsquawk noted that it trimmed its full-year adjusted operating profit guidance and raised its fuel cost forecast.
- Schaeffler: down 1.2% after announcing 3,460 net job cuts and five site closures in Europe.
- Associated British Foods: down 3% after the Primark owner forecast another profit decline.
Oil and the Qeshm strike
Brent traded in a range of about $104.27 to $107.24 a barrel on Tuesday morning, after a $103.28 to $112.41 range on Monday, Newsquawk reported at 11:11 GMT. US crude was around $96 to $99. A US official described the Qeshm strike as small-scale and defensive, aimed at stopping Iran from attacking commercial ships, according to the Wall Street Journal as cited by Newsquawk and Reuters. Iran's Foreign Ministry said the country was now "in a state of war" after the attack, Newsquawk reported. Asked on Monday whether he was considering striking Iran after the midterms, President Trump said "no", Reuters reported. Accounts of the strike come mainly from unnamed officials and have not been independently verified.
US pre-market (as of 05:06 AM US Eastern, per Reuters)
- Dow E-minis: down 219 points, or 0.42%. S&P 500 E-minis: up 0.02%. Nasdaq 100 E-minis: up 0.46%.
- Apple: down about 4.5% pre-market after warning that rising memory chip costs would squeeze its holiday-quarter gross margin.
- Palantir: down 6.3% despite a revenue forecast above estimates.
- Chips: Nvidia rose 1.6% and AMD 2.8% ahead of AMD's results after the bell.
- Reuters said the Nasdaq 100 closed on Monday more than 10% below its record closing high, confirming a correction.
- Pfizer, which reported before the bell, beat estimates and raised its outlook.
Asia-Pacific
- Australia: the Reserve Bank of Australia raised its cash rate by 25 basis points to 4.85%, as expected, in a 6-3 vote. Three members preferred to hold. Governor Michele Bullock said she would not offer forward guidance, Newsquawk reported.
- Japan: closed for a public holiday. Korean shares underperformed after the US tech sell-off.
- Switzerland: October CPI rose 1.5% year on year, above the 1.3% expected.
What to watch
- The US open and AMD's results after the close.
- Oil, as Qatari mediation between Washington and Tehran continues.
- The midterm results, due from late Tuesday US Eastern time. HorizonDesk's results coverage follows separately.
Disclaimer: This article is for information only and is not financial or investment advice. Markets are volatile and intraday figures change quickly; do your own research or consult a qualified adviser before making investment decisions.
Related reading on HorizonDesk
- Wall Street mixed as oil plunges 7%; Kospi slides as US votes
- US midterm elections 2026: where the race stands and how results work
- Apple posts record September quarter but margin outlook hits shares
- Iran-Qatar Doha talks: two-day Hormuz plan
