Europe Steady, Market Focuses on Earnings
European stocks were largely unchanged on Thursday (February 26th), holding near record levels, as investors awaited the latest wave of earnings reports. The impact of Nvidia's results on regional sentiment was limited, leading the market to be more selective and to assess specific company catalysts rather than chase a broad rally.
On the stock market, Schneider Electric rose after posting better-than-expected operational results, confirming demand support from the electrification and energy infrastructure segments. Meanwhile, Eni also gained after posting increased fourth-quarter profits, signaling stability amidst energy price dynamics and efficiency strategies.
In the telecommunications sector, Deutsche Telekom gained slightly after posting core earnings slightly above market expectations—indicating cash flow resilience amid competition for services and network spending.
The biggest highlight came from France, where Engie surged following its planned 100% acquisition of UK Power Networks for approximately £10.5 billion. This move is seen as strengthening Engie's position in the UK's electricity distribution network and increasing its exposure to more defensive regulated assets.
In the UK, LSEG announced an additional £3 billion buyback program over the next 12 months—a policy perceived as an effort to improve shareholder returns amid investor pressure and a shift in data/analytics business strategy.
However, not all listed companies received a positive response. Allianz weakened despite posting record 2025 operating profits, after its 2026 guidance was deemed weaker than analysts' expectations—spurring profit-taking in the market.
Source: Newsmaker.id
