European Markets Mixed as Investors Digest Corporate Earnings

European stock markets traded in a mixed fashion on Thursday, as investors closely monitored corporate earnings reports from major firms.

As of 03:21 ET (08:21 GMT):

• Germany’s DAX edged up 0.2%.
• France’s CAC 40 gained 0.3%.
• UK’s FTSE 100 slipped 0.3%.

Key Corporate Earnings Highlights

Schneider Electric Exceeds Expectations

French industrial leader Schneider Electric posted record-breaking financial results:

• Revenue surged to €38.15 billion, surpassing forecasts.
• Net profit climbed to €4.27 billion, also exceeding estimates.
• The company anticipates organic growth of 10-15% in the coming year.

Airbus Reports Profit Decline, Sets 2025 Delivery Target

Despite a 6% rise in revenue, Airbus saw:

• An 8% drop in adjusted operating profit to €5.35 billion, missing analyst expectations.
• The company aims to deliver 820 jets in 2025, but supply chain disruptions have pushed back the A350 freighter launch to late 2027.

Renault Hits Record Profit but Faces Net Income Decline

• Revenue climbed 7.4% to €56.2 billion, marking record operating profits.
• However, net income dropped to €891 million, mainly due to a €2 billion loss from selling its Nissan stake.

Oil Prices Steady After Recent Gains

Crude oil prices held steady on Thursday, following a near one-week high in the previous session.

At 03:21 ET:

• Brent crude rose 0.2% to $76.17 per barrel.
• West Texas Intermediate (WTI) crude climbed 0.2% to $72.23 per barrel.

Gains were capped by an industry report showing an increase in U.S. crude stockpiles, which tempered market optimism.

Investors remain focused on macroeconomic trends and corporate earnings as they seek clarity on market direction in the coming sessions.