DAX 30 and FTSE 100 Indexes Hovered at New Record Highs Amid Mixed Corporate Updates

Bridgette Randall
23 Jan, 2025
London

European markets edged higher in active trading as investors reviewed the latest batch of earnings. 

Benchmark indexes in Frankfurt, Paris, London, and Milan edged higher, and investors awaited the ECB's rate decisions next week.

The European Central Bank is widely anticipated to lower its key lending rates by at least 25 basis points at the end of a two-day policy meeting on January 30.

Puma, Swedebank, Associated British Foods, IG Group, Essiy, and Tryg were among the leading companies reporting corporate updates on Thursday. 

 

Europe Indexes and Yields

The DAX index moved higher by 0.3% to 21,320.58; the CAC-40 index jumped 0.5% to 7,874.92; and the FTSE 100 index eased by 0.03% to 8,542.52.

The yield on 10-year German bonds inched higher to 2.51%, French bonds rose to 3.28%, the UK gilts increased to 4.65%, and Italian bonds edged higher to 3.62%.

The euro was flat at $1.04; the British pound was flat at $1.23; and the U.S. dollar was higher to 90.75 Swiss cents.

Brent crude increased $0.41 to $79.35 a barrel, and the Dutch TTF natural gas rose by €0.17 to €49.91 per MWh.

 

Europe Stock Movers

Puma slumped 18% to €34.40 after the sportswear company reported a decline in fourth-quarter operating profit.

Associated British Foods Plc fell 2.8% to 1,883 pence after the UK-based food processor and parent company of Primark lowered its annual outlook amid struggling UK sales.

IG Group fell 3.2% to 1,039 pence after the British online trading platform posted a 30% rise in profit in the first-half of year 2025.

Sandvik AB gained 6.2% to 224.6 krona after the Swedish engineering company posted a slight increase in its fourth-quarter net income.

Swedebank climbed 3.7% to 245.6 krona after the Swedish bank posted improved earnings results for the fourth quarter.

CMC Markets plunged 18% to 216 pence after the UK-based online trading platform operator left its full-year fiscal 2025 revenue and earnings outlook unrevised.