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European stocks gained slightly at the beginning of the session
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Markets await earnings reports from LVMH (MC.FR), Microsoft (MSFT.US) and Alphabet (GOOGL.US)
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IFO data indicate worse moods in the German economy
Tuesday's trading session in Europe brings considerable fluctuations. Overall, equity markets are slightly up as they await the LVMH (MC.FR) (after European session), as well as Microsoft (MSFT.US) and Alphabet (GOOGL.US) results; after the Wall Street session.
Today's session focuses primarily on China, where the local establishment has once again announced the introduction of stimulus measures on the real estate market. This news supported companies from the mining, metallurgical and fashion sectors during today's session.
As for the incoming macro data, attention in Germany was focused on the IFO data, which came out slightly worse than expected, thus renewing concerns about the state of the euro zone's largest economy. Moreover, the ECB points out that banks are reporting a record drop in demand for loans from institutional clients.
Sentiment in Europe during Tuesday's trading session is relatively positive. Currently, the worst performers are the shares of companies from the fuel sector, companies from the municipal sector and pharmaceuticals. Metallurgy, textiles and semiconductors are doing well. Source: xStation 5
German DE30 futures are gaining nearly 0.17% during today's session. What's more, today's quotes led to a re-test of the upper limit of a narrow range of quotes located close to local peaks. Source: xStation 5
News:
In Germany, investors' attention focused on the reading of good quarterly results of Adidas (ADS.DE; +6%), which, thanks to better-than-expected resale of Yeezy sub-brand products, raised its full-year result forecasts (smaller net loss than previously assumed).
The company's operating profit amounted to EUR 176 million against the expected loss of EUR 130.6 million. The sales result also positively surprised (EUR 5.34 billion against the expected EUR 5.05 billion). The company expected a net loss of EUR 450 million this year (earlier, the company assumed a loss of EUR 700 million).
Adidas (ADS.DE) is currently testing a resistance level set by the retracement of the 38.2% downtrend that started in August 2021. Source: xStation 5
Moreover, Bayer (BAYN.DE) erased sharp declines after announcing a cut to its full-year earnings guidance and announcing a €2.5 billion glyphosate-related asset write-off. The EBITDA profit in 2023 is to be between EUR 11.3 billion and EUR 11.8 billion (previously the company forecasted EUR 13.5 billion. The materialization of this scenario could mean recording a net loss of EUR 2 billion).
However, according to analysts, the continuing negative business background around the agricultural products market was a factor expected by the consensus, so the company's information did not surprise the market. Last week, the company's main rival, BASF (BAS.DE), downgraded its forecasts.
Bayer (BAYN.DE) shares are now up just over 1%. Source: xStation 5
Shares of FlatexDEGIRO (FTK.DE) are currently down by almost 7% due to worse-than-expected quarterly results and the announcement of the resignation of the vice president of the company. On the other hand, the company confirmed its earnings forecasts for this year.
The company's EBITDA amounted to EUR 29.1 million in Q2 vs. EUR 37.4 million last year. Revenues amounted to EUR 90.8 million against the previous EUR 91.6 million.
Source: xStation 5
The largest percentage changes in individual companies of the DAX index. Source: Bloomberg
Information from individual companies from the DAX index. Source: Bloomberg
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Morning wrap (17.10.2025)
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