LONDON – European stock markets closed lower on Thursday as traders focused on a number of earnings reports from some of Europe’s biggest companies.
pan-european Stocks 600 At the close of trading, the stock was provisionally down 0.2%.
SAP It plunged to the bottom of the pan-European index, down 16%. This was the biggest decline since 2020, which also pushed German stocks lower. dachshund 1% lower. The German software maker’s fourth-quarter results showed cloud revenue fell below consensus expectations, and the company warned that cloud backlog growth will “decelerate slightly” in 2026.
By sector, basic resources companies led the way with a 3.2% gain on a busy morning for banks, while European bank stocks rose 0.6% and financial services stocks rose 1.4%.
share in ABB The company soared 8% after the Swiss multinational engineering group’s fourth-quarter results showed on Thursday that orders soared 36% to a total of $10.32 billion, a quarterly record for the Zurich-based company.
deutsche bankThe company’s fourth-quarter profit beat analysts’ expectations on several measures, with three-month net income attributable to shareholders of 1.3 billion euros ($1.56 billion), higher than analysts’ expectations of 1.12 billion euros. The results were announced a day after German authorities raided the bank’s branches in Berlin and Frankfurt as part of a money laundering investigation. The bank’s shares closed 1.9% lower.
ING Group Profits were also higher, with the Dutch lender’s net profit attributable to shareholders amounting to 1.4 billion euros, beating analysts’ expectations of 1.3 billion euros. The company’s stock fell 1.1%. Swedbank, which missed its fourth quarter net profit target, also fell 0.3%, and SEB also fell 6.6%.
RocheThe Swiss multinational healthcare company and the French pharmaceutical company rose about 2.6%, reversing some of their morning losses. sanofi It was last up 0.5% after both companies reported mixed profits.
Other earnings reports Wizz AirNokia, and STMicroelectronics Among other things.
CNBC is scheduled to interview a variety of chief executive and financial officers on Thursday, including Deutsche Bank Chief Financial Officer James von Molke, ING Chief Financial Officer Thanate Putrakl, and DWS Chief Financial Officer Markus.・Includes Kobler, Wizz Air CEO Jozsef Varady, Roche CEO Thomas Schinecker, Swedbank CEO Jens Henriksson, SAP CFO Dominik Assam, and SEB CEO Johan Torgeby.
U.S. markets will also be closely watching Apple’s first quarter earnings report, which is scheduled to be released after the bell on Thursday afternoon.
The S&P 500 fell on Thursday. microsoft Fellow ‘Magnificent Seven’ member reported cloud growth slowed in fiscal second quarter tesla Annual income also decreased.
Traders are also evaluating the Federal Reserve’s decision on Wednesday to keep interest rates unchanged at its target range of 3.5% to 3.75%.
The policy-setting Federal Open Market Committee said in a statement after the meeting that indicators suggest “economic activity is expanding at a solid pace” and the unemployment rate “is showing signs of some stabilization.”
Federal funds futures are still pricing in two quarters of rate cuts by the end of 2026, according to the CME FedWatch tool. Asia-Pacific markets were mostly lower on Thursday.
— CNBC’s Pia Singh contributed to this market report.
