- European stocks lose during Wednesday's session
- Novo Nordisk, TotalEnergies, Santander and Credit Agricole results in focus
European stock indices traded lower during Wednesday's session. The DAX is currently losing 0.16% intraday on an intraday basis while France's CAC40 is down 0.20% over the same period. Investor attention today turns to corporate news, quarterly results from Novo Nordisk, TotalEnergies, Santander and Credit Agricole, and ISM PMI data from the US.
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Create account Try a demo Download mobile app Download mobile appVolatility currently observed in the European market. Source: xStation
The German DE40 index is slightly losing ground today, but remains near yesterday's highs. The most important support for the index invariably remains the 50-day EMA (blue curve on the chart) and the recent peak broken out by the index in the 20,500-point zone. Technically, the DE40 continues to maintain a stable upward trend all the time. Source: xStation
News
Novo Nordisk (NOVOB.DK) Q4 2024 results:
- Q4 revenue: DKK 85.68 billion (estimated DKK 80.29 billion)
- Revenues for the full year: DKK 290.40 billion (estimated DKK 285.57 billion)
- Obesity drug sales for the fiscal year: DKK 65.15 billion (estimated DKK 65.18 billion)
- FY EBIT: DKK 128.34 billion (estimated DKK 125.96 billion)
- The company's shares are currently gaining 3%
TotalEnergies (TTE.FR) annual results
- Adjusted EPS of €1.90 (estimated €1.86)
- Adjusted net income $4.41 billion (estimated $4.26 billion)
- Totalenergies is proposing a dividend of €3.22/share for fiscal 2024, an increase of 7%
- The company's shares are currently gaining 1.2%
Results of Credit Agricole (ACA.FR) for Q4 2024:
- Net profit: €1.69 billion (estimated €1.41 billion)
- Revenue: €7.09 billion (estimated €6.56 billion)
- Provisions for credit losses: 594 million euros (estimated 507.5 million euros)
- Dividend per share: €1.10 (estimated €1.06)
- The company's shares are currently up 2%
In 2024, Santander (SAN1.ES) posted a profit of €12,574 million (+14% y/y), exceeding all targets for the year thanks to strong revenue growth across all global businesses and regions, as well as the addition of eight million new customers to a total of 173 million. The company's shares are currently gaining 7%.
The EU is preparing to attack major U.S. technology companies if President Trump imposes tariffs on the EU, the Financial Times agnecy reported.
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