A Futures-options trader works connected the level astatine the American Stock Exchange (AMEX) astatine the New York Stock Exchange (NYSE) successful New York City, U.S., October 17, 2025.
Brendan McDermid | Reuters
LONDON — European stocks had a affirmative commencement connected Thursday arsenic investors looked to net reports for clues connected concern enactment and assurance successful the region.
The pan-European Stoxx 600 had gained 0.34% by 3 p.m. successful London (10 a.m. ET). The U.K.'s FTSE 100 scale added 0.65%, France's CAC 40 precocious 0.42%, and Italy's FTSE MIB besides saw gains of 0.32%. Germany's DAX edged lower, however.
It's a engaged time for net successful Europe with Kering, Roche Holding, Unilever, Vinci, Thales, LSEG, Dassault Systemes, Antofagasta, Swedbank, Nokia and Lloyds Banking Group among the large names reporting third-quarter figures today.
Pan-European Stoxx 600
Enterprise bundle steadfast SAP released net precocious connected Wednesday, which missed expert expectations. The German institution reported a 7% summation successful revenue for the 3rd 4th of 9.08 cardinal euros ($10.53 billion), below expectations of 9.15 cardinal euros ($7.96 billion), according to statement figures compiled by LSEG.
However, it saw gains of 22% in its cloud revenue, with CEO Christian Klein putting it down to expanding AI and information unreality marketplace share.
"For Q4 we are executing against a beardown pipeline - which gives america assurance successful our accelerating full gross maturation ambition for 2026," helium said successful a statement. SAP's shares initially opened higher but were trading 0.2% little by aboriginal afternoon.
Gucci-owner Kering besides reported aft the doorbell connected Wednesday. The group's gross totaled 3.4 cardinal euros successful the quarter, down 5% connected a comparable basis but it beat expectations of 3.31 cardinal euros, per a consensus compiled by FactSet. Gucci income — which typically marque up adjacent to fractional of Kering's full revenues — came successful conscionable shy of forecasts astatine 1.3 cardinal euros, down 14% connected a comparable ground connected the twelvemonth before. Its shares were past seen up 9%.
Kering
In fiscal services, Lloyds Banking Group connected Thursday reported pre-tax nett of astir £1.2 billion, somewhat higher than statement estimates of astir £1 billion, but down from the £1.8 cardinal of the aforesaid play past year. It comes aft the British lender announced earlier this period an further £800 cardinal complaint relating to lawsuit compensation arising from the U.K. car concern misselling scandal. Its shares edged higher successful aboriginal day trading.
Shares successful Skandinaviska Enskilda Banken (SEB) roseate 0.1% arsenic its nett involvement income reached 10.4 cardinal Swedish krona during the 3rd quarter, beating the 10.2 Swedish krona predicted by analysts. The bank's quarterly-earnings study showed nett profits of 7.68 cardinal Swedish krona for the three-month period, missing the 7.86 cardinal Swedish krona forecast by analysts, according to LSEG estimates.
Swedbank reported pre-tax profits of 10.8 cardinal Swedish krona, supra the 9.4 cardinal Swedish krona forecast by analysts. Shares successful the Stockholm-listed lender — which has a beardown beingness successful Estonia, Latvia and Lithuania — were down astir 0.4%. The slope saw nett involvement income scope 10.8 cardinal Swedish krona, supra expert estimates of 10.7 cardinal Swedish krona.
Attention turns to energy
Oil prices are successful absorption Thursday aft they jumped astir 3% successful the erstwhile league erstwhile the Trump administration imposed further sanctions on Russia's 2 largest crude companies, Rosneft and Lukoil. The commodity was past seen up by astir 5% successful day trade.
The medication cited Moscow's "lack of superior committedness to a bid process to extremity the warfare in Ukraine."
European Union subordinate states besides approved caller sanctions connected Russia connected Wednesday, to beryllium formally adopted today, including a prohibition connected liquefied earthy state imports further arsenic the bloc ramps up efforts to decouple its vigor proviso from Russian lipid and gas.
"We truly privation to deprive Russia of the means to money this warfare to extremity this war," Kaja Kallas, European Union precocious typical for overseas affairs and information policy, and vice president of the European Commission, told CNBC's "Europe Early Edition" connected Thursday.
The continent has made advancement connected this, Kallas noted, but "not each the subordinate states are there," she said. "So the disapproval that we person heard, besides from the United States, regarding immoderate of our subordinate states inactive buying lipid and gas, it's precise relevant," she added.
Kallas spoke up of an EU leaders' acme connected Thursday, wherever further measures volition beryllium discussed. Brussels volition besides sermon utilizing frozen Russian assets arsenic a reparations indebtedness to enactment Ukraine.
Overnight, broader Asia-Pacific markets mostly fell, tracking Wall Street's declines connected Wednesday connected concerns astir U.S.-China commercialized relations. Trade fears resurfaced aft Reuters reported that the Trump medication is considering curbs connected exports to China that are made with U.S. software, citing a U.S. authoritative and 3 radical briefed by U.S. authorities.
U.S. banal markets opened Thursday successful affirmative territory arsenic investors digested quarterly net releases that came retired aft the erstwhile marketplace close, including from Tesla, IBM, Moderna and Lam Research.
Data releases successful Europe connected Thursday see French concern assurance and Spanish commercialized figures.
— CNBC's Hugh Leask, Pia Singh and Nur Hikmah Md Ali contributed to this marketplace report.
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