European stocks under downward pressure; companies' quarterly earnings in the background 💡

• 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.

Volatility 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.