Leading European bourses are trading higher on Tuesday.
New macroeconomic data show that consumer prices in Spain increased more than expected year-over-year in September, to 4.9 percent.
The broad Europe index Stoxx 600 was up 0.49 percent at 641.83 at 11:05. During the day, the index has traded within a range of 0.06 percent at its lowest and 0.67 percent at its highest.
By sector, technology is performing best, up 1.97 percent, while industrial goods are recording the second-best performance, up 1.11 percent.
Food is performing worst, down 0.90 percent, while energy is recording the second-weakest performance, down 0.65 percent.
Novo Nordisk has entered into an exclusive licensing agreement with Chinese Hengrui Pharma for HRS-1596, an oral GLP-1/GIP agonist with potential for once-weekly dosing. The agreement could provide Hengrui with a total of up to 2.6 billion dollars, including an upfront payment of 300 million dollars as well as development, regulatory and commercial milestone payments. In addition, royalties on net sales will be paid. The stock fell 0.3 percent.
German shipping giant Hapag-Lloyd is once again raising its earnings forecast for 2026, citing continued strong demand and positive developments in spot freight rates. The company now expects EBITDA of 3.9–4.4 billion dollars, compared with 2.7–3.7 billion previously. The forecast for EBIT is raised to 1.25–1.75 billion dollars from 0.1–1.1 billion previously. The stock increased 4.1 percent.
Chocolate giant Lindt & Sprüngli is lowering its forecast for organic sales growth in 2026 to 0–2 percent from 4–6 percent previously. The reason is weaker consumer sentiment and increased price sensitivity, which have led to lower-than-expected order volumes, particularly in Germany, Switzerland and Austria. The summer heatwave has also pressured sales in Europe. The stock fell 7.7 percent.
Danske Bank downgrades Metso to Hold (Buy), target price 18.50 euros. The stock rose 2.4 percent.
Danske Bank downgrades Kalmar to Sell (Hold), target price 37 euros. The stock fell 2.3 percent.
IndexLastToday, %Year to date, %TimeStoxx 600641.860.50%8.39%11:05:15FTSE 10010,723.090.36%7.97%11:05:20DAX25,499.320.49%4.12%11:05:20CAC 408,099.110.26%-0.62%11:05:15Stoxx 600 sector performance:Automobiles & Parts427.430.45%-18.58%11:05:15Banks430.950.73%21.29%11:05:15Basic Resources813.190.95%22.07%11:05:15Chemicals1,277.820.54%15.38%11:05:15Construction & Materials788.82-0.43%-6.98%11:05:15Oil & Gas553.65-0.66%36.83%11:05:15Financial Services935.230.67%3.98%11:05:15Food617.69-0.91%-0.80%11:05:15Industrial Goods1178.281.12%10.29%11:05:15Insurance532.750.03%4.38%11:05:15Media378.630.38%-5.08%11:05:15Health Care1,114.280.29%-2.44%11:05:15Technology1,031.301.99%23.27%11:05:15Telecommunications273.15-0.29%6.75%11:05:15Utilities526.140.05%7.43%11:05:15Consumer Goods933.26-0.22%-13.06%11:05:15Retail464.03-0.14%-4.58%11:05:15Travel & Leisure274.920.77%-1.99%11:05:15Real Estate117.470.12%-7.01%11:05:15Source: FactSet
