DE40: Europe rebounds; TUI raises financial forecasts and gains 5.5% 💡

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