European Stock Markets Open Mixed, Corporate Earnings Leading
European stock markets are expected to open mixed on Wednesday morning, as investors remain focused on the corporate earnings season. Futures data indicates cautious sentiment, with market participants sifting through the company reports one by one.
At 6:30 a.m. London time, FTSE 100 and DAX futures were each up around 0.2%, while CAC 40 futures were trending slightly lower. Swiss SMI futures were relatively flat, reflecting a mixed opening across the region.
Several major corporate earnings reports are scheduled for release today, including those from TotalEnergies, Ferrari, and Dassault Systèmes. Investors are looking for signs of demand resilience, margins, and guidance for the current year.
On the corporate front, Heineken reported its annual results and announced plans to cut 5,000–6,000 jobs over the next two years, citing challenging market conditions. The company stated that production volume in 2025 would decrease, while operating profit would increase compared to the previous year, and is targeting operating profit growth of 2%–6% this year.
Meanwhile, Siemens Energy reported a significant jump in fiscal first-quarter net profit, driven by strong demand related to data center expansion, which pushed orders to a new record. Commerzbank also recorded solid performance with record operating profit, supported by commission income and the performance of its Polish subsidiary, and expressed optimism that 2026 profit could potentially exceed its initial target.
Meanwhile, Lufthansa is expected to be impacted by a 24-hour strike on Thursday due to a pension dispute, which could disrupt the operations of its main airline and cargo division. Outside Europe, global investors are also awaiting the release of the US Nonfarm Payrolls (NFP), which could influence the direction of the dollar, yields, and risk sentiment, after Asia tended to strengthen slightly and Wall Street futures moved higher ahead of the data. (asd)
Source: Newsmaker.id
