Leading European stock markets are rising on Monday morning. There are significantly fewer interim reports today compared with the end of last week. Italy’s Unicredit is rising sharply on its report.
The broad Stoxx 600 European index was up 0.73 percent at 653.09 at 11:30. During the day, the index has traded in a range from -0.14 percent at its lowest to 0.74 percent at its highest.
By sector, basic resources are performing best, up 2.19 percent, while banks are recording the second-best performance, up 1.67 percent.
Consumer products are performing worst, down 1.03 percent, while food is recording the second-weakest performance, down 0.24 percent.
Italian major bank Unicredit’s third-quarter interim report beat analysts’ expectations across the board. The bank raises its 2026 profit forecast to clearly above 11.5 billion euros before exceptional costs, from previously around 11.5 billion euros. The bank also expects to receive the remaining regulatory approvals for the takeover of Commerzbank before the end of November. The share climbs 5.3 percent.
Meanwhile, in the Italian banking sector, the Wall Street Journal reports that Italy’s financial supervisory authority Consob has approved Intesa Sanpaolo’s takeover bid for rival Monte dei Paschi, worth 35 billion euros. Intesa’s share rises 1.3 percent, while Monte dei Paschi increases 1.5 percent.
German industrial company Gea Group reports sharply increased order intake in the third quarter. Order intake exceeded analysts’ expectations, while revenue and adjusted EBITDA were in line with consensus. The company reiterates its full-year guidance, which was raised in July. The share rises 0.5 percent.
Finnish Citycon, which specializes in retail properties, reports increased rental income and higher direct operating profit in the third quarter, while EPRA earnings declined compared with the same quarter last year. Citycon reiterates its forecast that like-for-like rental income will increase compared with the previous year. The share increases 1.0 percent.
IndexLatestToday, %This year, %TimeStoxx 600653,110,74%10,29%11:30:15FTSE 10010 738,930,61%8,13%11:30:21DAX26 018,700,77%6,24%11:30:21CAC 408 168,940,37%0,24%11:30:15Stoxx 600 sector performance:Automobiles & parts437,810,00%-16,60%11:30:15Banks397,711,67%11,94%11:30:15Basic resources762,332,20%14,43%11:30:15Chemicals1 389,30-0,02%25,45%11:30:15Construction & materials831,170,41%-1,99%11:30:15Oil & gas549,750,11%35,87%11:30:15Financial services973,950,03%8,29%11:30:15Food707,79-0,24%13,67%11:30:15Industrial goods1122,790,99%5,10%11:30:15Insurance568,780,13%11,44%11:30:15Media407,330,29%2,12%11:30:15Health care1 278,751,11%11,96%11:30:15Technology991,161,35%18,47%11:30:15Telecommunications273,43-0,11%6,86%11:30:15Utilities577,631,15%17,94%11:30:15Consumer products999,58-1,03%-6,88%11:30:15Retail515,62-0,04%6,03%11:30:15Travel & leisure302,360,85%7,79%11:30:15Real estate124,650,28%-1,33%11:30:15Source: Factset
