European Stocks Slide as Earnings Disappoint and ECB Holds Rates

European stock markets opened lower as third-quarter earnings reports rolled in, with the Stoxx 600 down 1.1%. Standard Chartered shares plunged 10% after the bank reported a profit miss due to a $1 billion hit from exposure to the Chinese banking and real estate sectors. The European Central Bank is expected to hold interest rates, while the central bank of Turkey is anticipated to raise rates by 500 basis points. Bond yield volatility and disappointing tech earnings have also impacted investor sentiment. In Asia, Japanese and South Korean stocks fell over 2% as Wall Street cues were followed.