FRANKFURT / LONDON (IT BOLTWISE) – European stock markets are under pressure as earnings season and geopolitical tensions unsettle investors. The DAX is losing slightly, while the Euro-Stoxx-50 is also in the red. The focus is particularly on the figures from SAP, which are expected in the evening. Armaments levels are also in demand, as a meeting between the presidents of the USA and Russia seems unlikely due to the Ukraine conflict.
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European stock markets are slightly weaker midweek as investors turn their attention to the ongoing earnings season and geopolitical tensions. The DAX is losing ground slightly, while the Euro-Stoxx-50 is also in the red. The focus is particularly on the figures from SAP, which are expected in the evening. These could provide crucial information on the development of the technology sector, which has recently come under pressure.
The situation on the bond market remains largely stable, while oil prices are rising due to US plans to increase its strategic reserves. Gold prices, on the other hand, continue their downward trend after profit-taking. Armaments stocks are benefiting from uncertainty about a possible meeting between the presidents of the USA and Russia, which seems unlikely due to the Ukraine conflict.
Technology stocks are under pressure after Texas Instruments gave a weak outlook. This also affects Infineon, whose shares fell by over 3 percent. The automotive industry is struggling with a shortage of Nexperia chips, making forecasts difficult. The Dutch government recently took control of Nexperia, increasing uncertainties in the industry.
Individual companies such as Adidas and Teamviewer are also in focus. While Adidas fell slightly despite a better operating result in the third quarter, Teamviewer fell by 20 percent due to a lowered sales forecast. L’Oreal and Unicredit are also recording losses, while Heineken is benefiting from a positive assessment from analysts.
The reporting season is causing mixed reactions on the markets. While some companies benefit from positive analyst ratings, others are under pressure due to lowered forecasts. Investors are eagerly awaiting SAP’s figures, which could provide information about developments in the cloud business. Despite the current uncertainties, the long-term outlook for the technology sector remains positive as demand for digital solutions continues to grow.
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