News

06 Aug 2025

European indices rise as companies' earnings are evaluated

European stock indices rose at the start of Wednesday's session, as the quarterly earnings season continued and uncertainty eased following the EU-US trade agreement.

The STOXX Europe 600 rose 0.3% to 543 points, with losses in mining stocks limiting the European index's gains.

The German DAX rose 0.55% to 23,975 points, the French CAC 40 rose 0.5% to 7,657 points, and the British FTSE 100 added about 0.15% to 9,158 points.

Shares in German company Beiersdorf fell 9.3% after it lowered its full-year sales forecast. The Nivea maker currently expects organic sales growth of 3%, down from its forecast of 4% to 6%, following a weaker-than-expected performance in the first half.

Deutsche Bank strategists said in a note to clients: "We expected earnings to exceed expectations, but earnings have been better than we expected. 74% of STOXX 600 companies have reported earnings so far, and total earnings were 8% higher than expected."

Siemens Energy set a record high in quarterly orders, jumping 64.6% to €16.6 billion ($19.2 billion) in the third quarter, according to CNBC

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