The leading European bourses are trading unevenly to slightly lower on Wednesday morning. The news flow has been packed with interim reports, including from several banks.
The broad European Stoxx 600 index was down 0.22 percent at 642.26 at 11.02. During the day, the index has traded within a range of -0.28 percent at its lowest and 0.09 percent at its highest.
By sector, automobiles & parts is performing best, up 1.09 percent, while travel & leisure is the second-best performer, up 0.25 percent.
Chemicals is performing worst, down 1.17 percent, while media is the second-weakest performer, down 0.90 percent.
Brent crude is rising around 1 percent after Houthi rebels in Yemen said they had attacked Saudi Arabia’s largest oil refinery with a missile.
The third-quarter reporting season has been intense among European companies. Several banks, among others, have presented their figures.
Swiss UBS is down 1.9 percent, despite the bank raising its ambition for cumulative gross cost savings by the end of 2026 and expecting to exceed its target of an underlying return on core tier 1 capital of 15 percent by the end of 2026. For the third quarter, the bank reported strong performance metrics.
German lender Deutsche Bank is up 2.9 percent after reporting a record profit for the third consecutive quarter. Deutsche Bank now expects full-year revenue to exceed the target of around 33 billion euros.
Automotive group Stellantis beat consensus for adjusted operating profit by almost 22 percent. However, consolidated vehicle deliveries fell to 1.286 million units, slightly below expectations. Stellantis is trading up 1.5 percent.
Semiconductor equipment company ASM International once again raised its revenue forecast for 2027, driven by strong AI-related demand. At the same time, both revenue and profit exceeded analysts’ expectations in the third quarter of 2026. ASM has also decided on a new share buyback program of up to 300 million euros. The share is rising 2.8 percent.
Beer brewer Heineken’s total volumes amounted to 76.0 million hectoliters (71.6), compared with expected volumes of 74.4 million hectoliters. Organic growth was 4.8 percent, versus an expected 2.9 percent. The share is up 1.4 percent.
Danish Jyske Bank is up 1.4 percent after reporting operating profit above expectations. Spanish Santander’s figures were in line with consensus, but the share is falling 4.5 percent.
Two new share recommendations were noted for Wärtsilä. SEB downgraded the share to Hold from Buy, while Inderes raised it to Buy from Accumulate. The share is rising 2.3 percent.
IndexLastToday, %This year, %TimeStoxx 600642,27-0,22%8,46%11:02:00FTSE 10010 651,29-0,33%7,25%11:02:08DAX25 587,85-0,01%4,48%11:02:10CAC 407 887,810,01%-3,21%11:02:09Stoxx 600 sector performance:Automobiles & parts419,861,03%-20,02%11:02:00Banks385,77-0,40%8,58%11:02:00Basic resources766,22-0,47%15,02%11:02:00Chemicals1 322,74-1,16%19,44%11:02:00Construction & materials793,21-0,02%-6,47%11:02:00Oil & gas580,320,04%43,42%11:02:00Financial services949,52-0,44%5,57%11:02:00Food678,58-0,16%8,98%11:02:00Industrial goods1127,930,03%5,58%11:02:00Insurance549,39-0,23%7,64%11:02:00Media396,43-0,88%-0,61%11:02:00Health care1 201,83-0,60%5,23%11:02:00Technology1 038,970,02%24,19%11:02:00Telecommunications273,370,19%6,84%11:02:00Utilities553,54-0,16%13,02%11:02:00Consumer goods965,59-0,46%-10,05%11:02:00Retail498,32-0,05%2,48%11:02:00Travel & leisure277,640,25%-1,02%11:02:00Real estate119,88-0,17%-5,11%11:02:00Source: Factset
