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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%

Importance
Level 1
  • 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.