Investing.com. European stock market fell on Friday after disappointing results from Apple (NASDAQ;) and Amazon(NASDAQ:), as well as the rising yields of Eurozone government bonds following Thursday’s European Central Bank Meeting.

At 4:10 AM ET (0810 GMT), the in Germany traded 0.6% lower, the in France fell 0.3% and the U.K.’s dropped 0.2%.

European stocks could see strong gains this October thanks to positive earnings. But the week will end with a negative outlook after the weaker than anticipated quarterly earnings. This raises concerns about how global supply chain issues might impact the holiday season.

Apple specifically noted that its fiscal fourth quarter sales were affected by supply chain issues, which cost the company $6 billion. Chief Executive Tim Cook stated that the holiday quarter will see even more of the same.

BNP Paribas stock (OTC:), rose 0.3% in Europe after the French bank launched a share-buyback program that allowed for maximum 900,000,000 euros ($1billion) of purchaseback. On lower provisions for pandemic related loan losses due to the flu, it posted strong third quarter profits and saw a steep rise in equity trading.

Daimler (OTC) shares rose 2.5% following the German automaker’s quarterly net profit report. This was despite global shortages of semiconductor chips. The company focuses on high-margin vehicles and cost reduction. 

Air France KLM stock (OTC) rose by 3% after returning to profit during the third quarter. This is after losing the same period last year. The removal of travel restrictions caused by coronavirus almost doubled passenger numbers.

Looking at economic data, the third quarter saw a 3.0% increase, higher than was expected. However, the 1.8% growth in the same period was lower than the 2.2% forecast.

However, all eyes will be on October in the region. This is especially due to comments made by ECB President Lagarde during her press conference. Some see these remarks as a sign of a change in the outlook on interest rate.

Crude oil prices stabilised Friday but are on track for a weekly decline as a result of the near two-month rally that was triggered by record gas prices in Europe, China.

Attention now turns to next Thursday’s meeting of the Organization of the Petroleum Exporting Countries and its allies including Russia, a group called OPEC+. The top producers will likely stick with their plans to increase supply by 400,000 barrels each day until April 2022.

At 4:10 AM ET futures had traded 0.2% higher to $82.95/barrel, and the contract had risen 0.3%, to $83.89. The benchmarks fell about 1% per week, the first drop in WTI’s weekly price in 10 weeks and Brent’s first decline in 8 weeks.

Furthermore, it fell 0.4% to $1.795.75/oz. It traded 0.1% lower at 1.1665.