There is optimism on European financial markets today, with DE40 contracts gaining over 0.4% and EU50 adding 0.51%. Investors are reacting to the results of listed companies and awaiting tomorrow's meeting between Donald Trump and Vladimir Putin. The macro calendar for the second half of the day is relatively empty, which is why investors will focus on incoming current market/geopolitical information.
Source: xStation
Current volatility observed on the broader European market. Source: xStation
The German DE40 index is down 0.4% in today's session and is once again testing the support zones set by the 50-day exponential moving average (blue curve on the chart). As long as the DE40 remains above these zones, the overall long-term upward trend remains sustainable. However, a sustained break above the aforementioned 50-day EMA, which previously weakened the medium-term upward trend, may prove crucial for this recovery. Source: xStation
Company news
E.ON (EOAN.DE) saw its shares rise by almost 2% after publishing its results for the first half of 2025, which were broadly in line with analysts' expectations – EBITDA rose by 13% y/y, exceeding the consensus by approx. 2%. The most significant positive surprises came from the power grid segment, while the retail sector performed worse due to margin normalization and weather conditions. The company maintained its forecasts for 2025 and confirmed its intention to invest EUR 43 billion in 2024–2028, of which EUR 35 billion will be allocated to the network business. Analysts point to E.ON's stable position in the energy infrastructure that is key to Germany's energy transition, although they highlight the high capital expenditure, which may limit the company's ability to reduce its debt. The outlook also depends on the next regulatory period in the energy sector, which may influence further investment decisions and the company's development.
Novo Nordisk (NOVOB.DK) shares are up 0.33% today after BNP Paribas Exane raised its recommendation for the company from "Underperform" to "Neutral" and set a target price of $54. Analysts pointed out that the risk and profit potential are now more balanced, and the valuation better reflects the company's real situation. This decision supports positive investor sentiment towards the company's shares.
TUI (TUI.DE) shares are up as much as 5.4% today, reaching their highest intraday level in six months, after the company reported better-than-expected third-quarter results and raised its operating profit forecast. The increase was mainly driven by the strong cruise segment, which offset weaker results in key holiday packages and in Germany. Adjusted EBIT amounted to €320.6 million compared to the expected €268.2 million, and revenues increased by 7.1% y/y to €6.2 billion. The company maintained its forecast for annual EBIT growth of 9-11% and announced further development of the Holiday Experiences segment in Q4 thanks to strong demand. Analysts point to mixed trends in individual business lines and potential risks related to the German economy and the long-distance travel market.
News from companies listed on the German stock exchange. Source: Bloomberg Financial Lp
Wheat drops amid higher than expected WASDE report
Alibaba sell-off extends amid White House national security concerns📌
US Earnings Season Summary 🗽What the Latest FactSet Data Shows
3 markets to watch next week (14.11.2025)
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
