DE40: DAX in the ATH zone ahead of the US CPI report

• European stock markets in uptrend ahead of CPI, DAX returns to ATH
• Heineken earnings in focus

Overall market situation: European markets are trading in mixed sentiment ahead of key CPI data from the United States. However, declines in company listings did not prevent the German DAX from momentarily breaking out to new historic peaks today. The markets are unable to pivot in a common direction for the moment, but that could change after 1:30 pm GMT, when the key inflation report from the Fed's perspective will be released. 

In the broader European market, we are seeing mixed sentiment among major economic sectors. The alcoholic beverages sector is doing well, amid a positive reaction to Heineken's (HEIA.NL) earnings. Source: xStation

The German DE40 index is gaining ground today and is back to the zones of historical maxima. The most important support for the index invariably remains the 50-day EMA (blue curve on the chart) and the support area of the consolidation zone near 21,230 points. Technically, the DE40 continues to maintain a stable upward trend all the time. Source: xStation

Corporate news:

Heineken (HEIA.NL) shares are gaining as much as 11.5% in today's session, after the brewer announced better-than-expected full-year results and announced a €1.5 billion share buyback. The forecast for 2025 was in line with the consensus developed by the company, so there are no surprises on that side. However, the higher EPS should lead to an increase in consensus estimates for next year despite cautious comments from management. The company is projecting adjusted operating profit growth of +4% to +8%. For the full year 2025, Heineken expects further volume and revenue growth.

2024 RESULTS

• Organic beer volume +1.6%, estimates +1.39%
• Adjusted operating profit €4.51 billion, +1.6% y/y, estimates €4.45 billion
• Adjusted net revenues €29.96 billion, -1.1% y/y, estimates €30.13 billion
• Adjusted operating margin 15.1%, 14.7% estimate
• Adjusted net income €2.74 billion, +4.1% y/y, estimate €2.59 billion
• Adjusted EPS €4.89, estimate €4.62
• Dividend per share €1.86, estimate €1.80

Q4 Earnings

• Organic beer volume +1.8%, forecast +0.54%
• Adjusted net revenues €7.47 billion, -4% y/y, estimate €7.53 billion

The company's shares opened today's trading with a bullish price gap, which pushed the company's share prices to levels not seen since November 2024. Source: xStation 

Siemens Energy (ENR.DE) reported first-quarter results that were in line with previously announced figures released last month. Investors will now focus on a conference call with management, which could provide many valuable clues about the company's future. The company expects net income to be close to zero in fiscal 2025, excluding assumed positive special items following the spin-off of the power business from Siemens Limited, India. Siemens Gamesa assumes a comparable revenue decline of 9% to 5% and negative profit before special items of about €1.3 billion in fiscal 2025. 

Other news from individual DAX index companies. Source: Bloomberg Financial LP