DE40: Europe moves sideways, Nestle gains

The European session began under the sign of trade-financial tensions related to relations with Russia and China, but also with good company results. Despite initial, slight declines in major indices, investors gradually regained optimism. As a result, around noon, most European markets managed to recover morning losses and turned slightly positive.
Noteworthy are the solid quarterly results published by TSMC, Nestlé, and Sartorius, which strengthened market sentiment. After the session ends, three large Scandinavian companies: Industrivärden, Investor, and Nordea Bank will present their quarterly reports. The results of these companies may have a significant impact on sentiment in the region. Investors interested in the local market should closely follow these publications.

Source: Bloomberg Finance Lp

The biggest contributor to today's growth is clearly industry, while Healthcare pulls the indices lower. 

Macroeconomic Data:

Additionally, the latest data on trade balances of European Union countries confirmed the ongoing export surpluses.
In the second half of the day, investors will closely follow speeches by members of the FOMC and ECB.
The market will also be waiting for the EIA report on oil inventories, which may influence the further direction of commodity prices and market sentiment. Moderate declines in inventories are expected.

DE40 (D1)

Source: xStation5
The stock price remains around a clear resistance near 24,380 points, but buyers show significant weakness as the price visibly slips below the zone and struggles to stay above. Currently, the price is around the FIBO 38.2 level and below it can rely on support from EMA50 and FIBO 50, the level towards which the price is currently heading. For buyers, it is essential to break above the FIBO 23.6 level to regain initiative on the chart.

Company News:

Nestlé (NESN.CH) — The Swiss conglomerate published its results for the first 3 quarters today. The company's financial results were decent, close to expectations. The company recorded slight growth in most areas of activity. However, what caused nearly an 8% increase in stock was the plan to lay off 16,000 employees over the next 2 years. The layoffs are mainly expected to affect the administration area.
Sartorius (SRT.DE) — The energy company published an optimistic sales forecast. The company sees a 7% increase in sales next year. The stock price is rising by as much as 3%.
Kering (KER.FR) — The British retailer received a negative recommendation from an investment bank. The stock, after yesterday's gains, is depreciating by almost 3%.
flatexDEGIRO (FTK.DE) — The German investment services provider reports revenue growth to 550 million euros, beating analysts' expectations. The company is growing by over 5%.
Kinnevik (KINVB.SE) — The Swedish investment firm improved its results after recent losses and reported a net profit of 741 million Swedish kronor compared to a 1.9 billion kronor loss a year ago. The company's shares are rising by over 6%.
Repsol (REP1.ES) — The Spanish energy company received a negative recommendation from Morgan Stanley, pointing to Shell and Total as better energy integrators in Europe. The stock price is falling by over 1%.