City of London skyline with 20 Fenchurch Street, affectionately nicknamed the Walkie Talkie as light fades at dusk on 27th November 2025 in London, United Kingdom.
Mike Kemp | In Pictures | Getty Images
LONDON — European stocks were higher on Thursday as investors assessed another big batch of earnings reports.
The pan-European Stoxx 600 was up 0.4% by 12:45 p.m. in London (7:45 a.m. ET), with most sectors and major bourses in positive territory.
The positive open for regional bourses comes after markets closed mixed on Wednesday, as investors assessed another flurry of corporate earnings.
Shares of engineering giant Siemens rose 7.1% after the company raised its outlook for basic earnings per share from net income to a range of 10.7 euros to 11 euros for the fiscal year 2026. It previously targeted a range of 10.4 euros to 11 euros.
“It’s a very dynamic space,” CEO Roland Busch told CNBC’s “Europe Early Edition” when asked about investments in AI and data centers. “We believe that the impact in the real world, so in industrial manufacturing, designing of products or looking in the operations using AI will come faster than we expect.”
Shares in Paris-based luxury house Hermès were up 2.6% after recording a 9.8% jump in fourth-quarter revenue, aided by strong sales in the U.S. and Japan, with operating profit at 6.6 billion euros ($7.8 billion), beating estimates. That helped boost other luxury names, with LVMH gaining 0.4%, Gucci owner Kering adding 0.6% and Richemont rising 0.4%.
On the flipside, Dutch fintech Adyen was down 18.5% in afternoon dealmaking after posting a 17% increase in net revenue. The Magnum Ice Cream Company tumbled 11.7% as the Amsterdam-listed Unilever spinoff reported a 48% drop in full-year profits.
Shares in Mercedes-Benz Group were last seen down 2.5%. The German carmaker’s earnings showed its 2025 operating profit fell 57% as it battled China competition and global tariffs.
Shares in London-listed Schroders spiked 28.5% after U.S. investment manager Nuveen announced it was buying the U.K.’s biggest standalone asset manager for £9.9 billion ($13.5 billion), creating one of the world’s largest fund managers with some $2.5 trillion in assets.
Elsewhere, Deutsche Boerse, which also reported earnings Thursday, was last seen up 2.3% after the German exchange operator said it was buying General Atlantic’s 20% stake in index provider ISS STOXX for $1.3 billion.
The bumper day for corporate earnings also saw L’Oreal, Anheuser-Busch Inbev, and British American Tobacco among the companies reporting. U.K. fourth quarter GDP and industrial production figures are due on the data front.
In Asia Pacific markets overnight, Japan’s Nikkei 225 hit 58,000 for the first time in history, extending its post-election rally to fresh highs.
Meanwhile, U.S. futures tied to the Dow Jones Industrial Average were little changed Wednesday night after the blue-chip index’s three-day win streak came to an end.
