Leading European exchanges are trading mixed ahead of Thursday’s close. Concerns over AI investments are dampening overall market sentiment. At the same time, both market yields and the price of Brent crude are falling.
The broad European Stoxx 600 index was down 0.06 percent at 637.36 at 16.24. During the day, the index has traded in a range between -0.56 percent at the low and 0.16 percent at the high.
By sector, food has performed best, up 2.35 percent, while consumer goods are the second-best performer, up 2.16 percent.
Technology has performed worst, down 2.29 percent, while basic resources are the second-weakest sector, down 1.66 percent.
Swiss major bank UBS is preparing an alternative plan that would involve moving its headquarters out of Switzerland if politicians proceed with proposals for stricter capital requirements. The Wall Street Journal reports this, citing sources familiar with the matter. The stock fell 1 percent.
Danske Bank confirms its existing capital framework and has a buffer of more than 110 billion Danish kroner for capital effects from internal risk models. A supervisory review has reduced the common equity Tier 1 capital requirement by approximately 40 basis points. The capital target for 2028 and the ongoing share buyback programme remain unchanged. The stock fell 0.8 percent.
Swiss VAT Group, a sector peer of Atlas Copco, reports record order intake in the third quarter. Revenue rose 46 percent, driven by AI demand. The company now expects 2027 revenue to be significantly higher than the previous forecast’s upper limit of 1.7 billion Swiss francs. The stock fell 3.1 percent amid the weak sector backdrop.
German Drägerwerk’s operating profit fell in the latest quarter while order intake increased. The company reiterates its full-year forecast for an operating margin of between 6 and 8 percent. The stock plunged 15 percent.
Spirits giant Pernod Ricard’s organic sales declined in the first quarter of its financial year. Sales fell in the US and China but increased in other markets. The company expects broadly unchanged organic sales for the full year. The stock rose for the eighth consecutive day, gaining 1 percent.
Dutch mapping and navigation technology company TomTom reports operating profit of 6 million euros in the third quarter, above the expected 3 million euros. The operating margin fell to 4.7 percent from 6.1 percent. At the same time, the company raises its full-year margin forecast. The stock fell 2.1 percent.
Norwegian real estate company Entra’s net operating income was in line with expectations, while EPRA NRV fell 4.5 percent to 159.64 Norwegian kroner per share. The company expects market rents to rise and reiterates its return target of at least 10 percent over a business cycle. A buyback programme of up to 200 million Norwegian kroner is being launched. The stock rose 1.1 percent.
Finnish car dealership company Kamux lowers its forecast for full-year 2026 and now expects adjusted operating profit to decline year-over-year. Previously, the company expected profit to increase. The stock fell 7.6 percent.
IndexLastToday, %This year, %TimeStoxx 600637,39-0,06%7,63%16:23:45FTSE 10010 819,350,88%8,94%16:23:57DAX25 245,70-0,21%3,08%16:23:59CAC 407 894,310,27%-3,13%16:23:59Stoxx 600 sector performance:Automobiles & Parts420,000,29%-19,99%16:24:00Banks396,51-1,34%11,60%16:23:45Basic Resources795,50-1,69%19,41%16:23:45Chemicals1 340,281,16%21,02%16:23:45Construction & Materials762,66-0,49%-10,07%16:24:00Oil & Gas572,17-0,91%41,41%16:24:00Financial Services932,390,32%3,67%16:23:45Food664,982,34%6,80%16:23:45Industrial Goods1135,69-1,23%6,31%16:24:00Insurance542,111,30%6,21%16:23:45Media400,211,74%0,33%16:23:45Healthcare1 149,352,01%0,64%16:23:45Technology1 011,68-2,27%20,93%16:23:45Telecommunications273,422,00%6,85%16:23:45Utilities544,180,17%11,11%16:23:45Consumer Goods974,242,16%-9,24%16:23:45Retail483,911,89%-0,49%16:23:45Travel & Leisure272,450,99%-2,86%16:23:45Real Estate117,690,74%-6,84%16:23:45Source: Factset
