economy

January 28, 2026

European chip stocks end lower after ASML earnings; LVMH falls

European stocks finished Wednesday lower as regional investors geared up for earnings season.

European chip stocks end lower after ASML earnings; LVMH falls

TL;DR

  • Pan-European Stoxx 600 closed down 0.7%.
  • ASML reported better-than-expected orders but its stock closed down 1.9%.
  • LVMH finished the day down 7.9% despite reporting better-than-expected earnings.
  • Markets are awaiting earnings from Microsoft, Meta Platforms, and Tesla, as well as Apple on Thursday.
  • The U.S. Federal Reserve is expected to keep interest rates steady.
  • Fed funds futures suggest two rate cuts by the end of 2026.
  • The S&P 500 was down nearly 0.1% on Wednesday morning.
  • Asia-Pacific markets were mixed on Wednesday.

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