EL7.AI
StocksMedium•3 November 2026•
1 min read

European Stocks Open Lower Led by IBEX and FTSE MIB Declines

Key Facts

1European equities opened with broad declines, led by Spain's IBEX and Italy's FTSE MIB both falling 1.1%.
2Markets were weighed down by Apple earnings failing to inspire investors, alongside caution surrounding the US midterm elections.

European equities opened with broad declines, led by Spain's IBEX and Italy's FTSE MIB both falling 1.1%. According to investinglive.com, markets were weighed down by Apple earnings failing to inspire investors, alongside caution surrounding the US midterm elections taking place today.

Apple shares closed at $338.32 on November 2, 2026, amid technical selling pressure that impacted the broader tech sector. In related market activity, Microsoft closed at $507.12 and Meta closed at $606.73 on November 2, 2026, while traders await the JOLTs Job Openings data scheduled for release later today, November 3, 2026.

Market attention will shift tomorrow, November 4, 2026, to the release of the ADP Employment Change and the ISM Services PMI, which will provide further clarity on economic momentum following the conclusion of the midterm polls.

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