European stocks mostly edged higher Thursday, as investors digested a raft of corporate earnings, while awaiting several key regional economic releases.
At 03:05 ET (07:05 GMT), the DAX index in Germany climbed 0.2%, the FTSE 100 in the U.K. rose 0.2%, while the CAC 40 in France traded largely unchanged.
Corporate deluge continues The second-quarter earnings season is approximately halfway through, and the deluge has continued Thursday, with a number of high-profile companies reporting.
Shell’s (LON:SHEL) adjusted earnings, its definition of net profit, came in at $4.3 billion in the second quarter, above expectations, but below the $6.3 billion seen a year ago.
The oil major added it would maintain the pace of its share buyback program at $3.5 billion over the next three months, the 15th consecutive quarter of at least $3 billion.
Anheuser-Busch InBev (EBR:ABI) reported a sharp jump in second-quarter underlying earnings as higher prices and expanding margins offset a decline in global volumes for the world’s largest brewer.
BMW (ETR:BMWG) maintained its full-year guidance, with the German auto giant holding strong against the threat of U.S. tariffs as the company’s large manufacturing presence in the country gives it an edge.
Unilever (LON:ULVR) beat market expectations for second-quarter underlying sales growth, with the consumer goods company helped by higher pricing.
Air France KLM (EPA:AIRF) reported higher second-quarter operating profit, with the carrier citing strong bookings for its premium services even as tariff concerns remain.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. French electrical equipment maker Schneider Electric (EPA:SCHN) confirmed its 2025 outlook after reporting second-quarter revenue growth, buoyed by continued strong demand for its data centre offering.
ArcelorMittal (NYSE:MT), the world’s second largest steelmaker, reported quarterly earnings slightly above market expectations, but trimmed its forecasts for steel demand citing upcoming tariffs.
British American Tobacco (NYSE:BTI) reported a 1.7% rise in first-half profit at constant currency, beating expectations, helped by a return to growth of its business in the United States and demand for its Velo nicotine pouches.
Across the pond, artificial intelligence heavyweights Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META) both reported blowout quarterly results after the close on Wall Street Wednesday.
Results from tech giants Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) are scheduled for release late Thursday.
Eurozone growth data due On the European data slate, investors will digest inflation data from France, Germany and Italy, as well as the latest German and EU unemployment figures.
The ECB left its main interest rate unchanged at 2% last week, taking a break after a year of policy easing to wait for clarity over Europe’s future trade relations with the United States.
The Federal Reserve also decided to maintain interest rates at current levels on Wednesday, with the committee voting 9-2 on Wednesday to hold interest rates steady for the fifth consecutive meeting - two Fed governors dissented for the first time in more than three decades.
