European stock markets are negative, except for the UK, on the last trading day of the week, when company balance sheets, central banks’ messages and growth data are evaluated.
As of 11.20 in European markets, the Stoxx Europe 600 indicator index is traded at 647.40 points, with a 0.3 percent decrease, and the FTSE 100 index in the UK is traded at 10,754.26 points, with a 0.3 percent increase.
The DAX 40 index in Germany is at 25,937.25 points, down 0.4 percent, the FTSE MIB index in Italy is at 49,392.50 points, down 1.2 percent, the CAC 40 index in France is at 7,967.35 points, just below its previous close, and the IBEX 35 index in Spain is at 18,674.28 points, down 1 percent.
In Europe’s busy balance sheet agenda, the strong results of energy companies stand out. According to data released yesterday, Shell’s third quarter adjusted profit increased from $5.43 billion in the same period last year to $10.81 billion. Following results supported by strong refining margins, the company announced a $5 billion share buyback for the next 3 months. Shell’s cash flow from its operations was 21 billion dollars.
TotalEnergies reported adjusted net profit of $9.1 billion and cash flow of $12.3 billion in the third quarter. The company announced that it plans to buy back shares worth $ 2.5 billion separately in the last quarter of this year and the first quarter of 2027.
BP’s third-quarter profit, calculated based on the basic renewal cost, reached $8.46 billion, exceeding the expectation of $7.33 billion.
Also on the agenda of the markets is ECB President Christine Lagarde’s announcement that she will leave her post on February 7, 2027. It was reported that the appointment process to determine the new president will be initiated.
According to macroeconomic data, the French economy contracted by 0.1 percent in the third quarter, contrary to the expectation of 0.1 percent growth. The decline in exports and investments suppressed economic activity. Household consumption in the country increased by 0.4 percent in the same period, supporting economic activity. The Spanish economy performed in line with expectations, growing by 0.6 percent compared to the previous quarter.
In global markets, concerns about the profitability of US technology companies’ high artificial intelligence expenditures suppress risk appetite. After Alphabet, the sales in Intel and Amazon shares in post-closing transactions strengthened the cautious approach towards the technology sector.
In the rest of the day, growth data in the Eurozone and Germany, unemployment rate in the Eurozone, and inflation data in Germany will be followed.
