European stock markets are down as investors reduce equity positions ahead of the Nov. 5 U.S. vote, with Paris and Milan dropping 1%, London 0.5%, and Frankfurt 0.4%. Ubs and Volkswagen saw gains of 1.3% and 1.7%, respectively, while Campari plummeted 16% after disappointing quarterly results. Despite better-than-expected GDP figures from Germany, France, and Spain, market sentiment remains cautious ahead of key economic data releases.