European Movers: SAP (SAP GY) +5.0%, Saint Gobain (SGO FP) +2.8%, Kuehne+Nagel (KNIN SW) +2.0%, STMicroelectronics (STMPA FP) +2.0%, Volvo (VOLVB SS) +1.8%, Mondi (MNDI LN) -4.2%
- Volvo (VOLVB SS) +1.8%: Q1 results beat exp.
- SAP (SAP GY) +5.0%: Better-than-expected operating profit and revenue, with cloud metrics also topping expectations, and announced a chunky buyback.
- Saint Gobain (SGO FP) +2.8%: Modest revenue beat, affirms guidance.
- STMicroelectronics (STMPA FP) +2.0%: Intel shares surged by over 20% in extended US Trading after stronger-than-expected earnings and revenue in Q1, robust Q2 guidance, growing signs of a business revival, strong data centre and foundry growth, and optimism around rising AI-related CPU and advanced packaging demand.
Context
Today's European movers reflect strong Q1 earnings that have fueled notable stock price increases for key players like SAP and Volvo, both beating expectations and offering positive future guidance. SAP's solid performance and substantial buyback announcement suggest confidence in growth, impacting its sector positively, while STMicroelectronics' gains are likely benefiting from broader semiconductor strength following Intel's impressive results. Conversely, Mondi's notable decline may indicate sector-specific challenges that investors should monitor closely.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#SWITZERLAND#FRANCE#GERMANY#UNITED KINGDOM#EUROPE#SAP SE#SAP.GY#CIE DE ST-GOBAIN#SGO.FP#MONDI PLC#MNDI.LN#STMICROELECTRONICS NV#VOLVO AB#VOLVB.SS#SOFTWARE#EQUITIES#EU SESSION#RESEARCH SHEET#PAPER PRODUCTS#BUILDING PRODUCTS#MARINE TRANSPORTATION#APPLICATION SOFTWARE#SEMICONDUCTORS#PAPER & FOREST PRODUCTS#BUILDING PRODUCTS (GROUP)#MARINE TRANSPORTATION (GROUP)#SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (GROUP)#MATERIALS (GROUP)#CAPITAL GOODS#TRANSPORTATION#SOFTWARE & SERVICES#SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT#EURO STOXX 50#DAX 40 INDEX#CAC 40 INDEX#SWISS MARKET INDEX#FTSE 100 INDEX#COMPAGNIE DE SAINT GOBAIN SA#SGO#SAP SE#SAP#STMPA#KUEHNE UND NAGEL INTERNATIONAL AG#KNIN#MNDI#EUROPEAN EQUITIES