Market Performance Update
European stock markets exhibited mixed performance during trading on February 1, with various sectors benefiting from robust corporate earnings disclosures.
The European Stoxx 600 index concluded the day up by 1.93 points, or 0.36%, reaching a closing level of 537.97 points.
In Germany, the DAX index finished higher by 46.45 points, or 0.22%, closing at 21,552.15 points.
The British FTSE 100 index also saw gains, rising by 52.52 points, or 0.61%, to close at 8,623.29 points.
Conversely, the French CAC 40 index experienced a decline, falling by 14.72 points, or 0.19%, to close at 7,891.68 points.
Market participants are currently assessing a series of earnings reports from prominent companies and banks, including Handelsbanken, Akzonobel, and Credit Agricole.
Banco Santander’s shares surged by 7% following the announcement of a record quarterly profit. Additionally, shares of the pharmaceutical giant GlaxoSmithKline (GSK) rose by 6% after the firm raised its long-term sales forecasts and reported improved annual operating profits.
Shares of Danish company Novo Nordisk increased by over 4% after surpassing profit estimates for the fourth quarter, fueled by sustained demand for obesity medications.
Furthermore, TotalEnergies, the major French oil company, reported results that exceeded expectations, despite a 21% decline in average net income for the year. The company’s shares climbed by 1.6% as a result.
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