Leading European stock exchanges remain in negative territory just over an hour before Friday’s close. Brent crude has risen further and is up 2.5 percent at 116 dollars per barrel.
At the same time, France is increasing security ahead of nationwide protests on Saturday with 20 percent more police officers than the previous weekend, as well as military personnel and special forces, Bloomberg News reports. Last weekend’s violence led to the looting of 3,000 stores and 2,700 arrests.
At 16:08, the broad Stoxx 600 Europe index was down 0.63 percent at 633.75. During the day, the index has traded within a range of -0.79 percent at the low and 0.13 percent at the high.
By sector, energy is performing best, up 2.61 percent, while construction & materials is the second-best performer, up 0.54 percent.
Telecommunications is performing worst, down 1.64 percent, while industrial goods is the second-weakest performer, down 1.57 percent.
Norwegian Tomra, which manufactures deposit-return systems and sorting solutions, reported adjusted EBITA of 47 million euros, which was 14.6 percent above expectations of 41 million euros. The share rose 3.3 percent.
Finnish chemicals company Kemira’s adjusted EBITDA fell to 112.8 million euros, versus expectations of 116 million euros. The adjusted EBITDA margin declined to 15.9 percent (20.0). The company reiterates its full-year 2026 forecast of revenue of 2,600–3,000 million euros and operating EBITDA of 400–500 million euros. The share fell 5.6 percent.
Finnish engineering company Konecranes fell 7.5 percent. The company’s comparable operating profit of 163.5 million euros was 3.5 percent above expectations of 158 million euros. The company reiterates its 2026 forecast, with revenue expected to be approximately unchanged or to increase compared with 2025.
Cosmetics and skincare group L’Oréal’s revenue came in above expectations in the third quarter, supported by strong demand for premium haircare, skincare and fragrance products. Organic sales increased 7.2 percent. Adjusted for effects from a new global IT system, growth was 7.7 percent, versus analysts’ expectations of 5.9 percent according to Visible Alpha. The share rose just under 6 percent.
German automotive group Volkswagen is under pressure from the IG Metall trade union, which is demanding that the company withdraw the termination of ten collective agreements by October at the latest. Otherwise, the union is preparing industrial action, including 24-hour warning strikes, Handelsblatt reports. Volkswagen’s preference share fell 1.4 percent.
Finnish telecommunications company Nokia has had its recommendation upgraded to Buy from Hold by Handelsbanken. The price target is reiterated at 10 euros. The share was down 0.7 percent.
IndexLastToday, %This year, %TimeStoxx 600633.84-0.61%7.03%16:05:45FTSE 10010,663.37-0.57%7.37%16:05:41DAX25,101.05-1.07%2.49%16:05:44CAC 407,757.60-0.69%-4.81%16:05:45Stoxx 600 sector performance:Automobiles & parts415.80-1.49%-20.79%16:05:45Banks378.06-1.17%6.41%16:05:45Basic resources742.40-0.96%11.44%16:05:45Chemicals1,340.460.00%21.04%16:05:45Construction & materials770.910.55%-9.10%16:05:45Oil & gas583.482.51%44.20%16:05:45Financial services937.34-0.45%4.22%16:05:45Food688.02-0.32%10.50%16:05:45Industrial goods1094.50-1.63%2.45%16:05:45Insurance543.60-1.07%6.51%16:05:45Media400.02-0.70%0.29%16:05:45Health care1,199.92-0.18%5.06%16:05:45Technology1,008.45-0.94%20.54%16:05:45Telecommunications268.42-1.69%4.90%16:05:45Utilities545.38-0.82%11.35%16:05:45Consumer goods973.63-0.71%-9.30%16:05:45Retail491.590.05%1.09%16:05:45Travel & leisure272.97-1.06%-2.68%16:05:45Real estate119.21-0.32%-5.64%16:05:45Source: Factset
