{"id":55586,"date":"2025-01-29T18:24:47","date_gmt":"2025-01-29T18:24:47","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/01\/29\/european-stocks-close-mostly-higher-4\/"},"modified":"2025-01-29T18:24:47","modified_gmt":"2025-01-29T18:24:47","slug":"european-stocks-close-mostly-higher-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/01\/29\/european-stocks-close-mostly-higher-4\/","title":{"rendered":"European Stocks Close Mostly Higher"},"content":{"rendered":"
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European stocks closed mostly higher on Wednesday as investors focused on corporate earnings news and looked ahead to policy announcements from the Federal Reserve and the European Central Bank.<\/p>\n

The Fed is widely expected to hold rates. The focus is on the bank’s accompanying statement for clues about growth outlook, and future interest rate moves.<\/p>\n

The ECB is expected to lower interest rate tomorrow.<\/p>\n

The pan European Stoxx 600 climbed 0.5%. The U.K.’s FTSE 100 gained 0.28% and Germany’s DAX jumped 0.97%, while France’s CAC 40 ended down 0.32%. Switzerland’s SMI climbed 0.6%.<\/p>\n

Among other markets<\/span> in Europe, Austria, Finland, Netherlands, Norway, Portugal, Russia, Spain and Sweden closed higher.<\/p>\n

Denmark, Iceland, Ireland and Turkiye ended weak, while Belgium, Greece and Poland closed flat.<\/p>\n

In the UK market, JD Sports Fashion gained 4.7%. Admiral Group, Beazley, Fresnillo, Barclays Group, Natwest Group, Halma, IAG, Centrica, Prudential, Standard Chartered, Antofagasta and United Utilities climbed 2 to 4%.<\/p>\n

BAE Systems closed down 4.4%. Diageo ended 2.75% down, weighed down by weak results from French luxury major LVMH. Glencore closed lower by 2.7%.<\/p>\n

St. James’s Place, LondonMetric Property, Taylor Wimpey, Convatec Group and Persimmon lost 1 to 2%.<\/p>\n

In the German market, Daimler Truck Holding rallied nearly 8%. Deutsche Telekom and Siemens Energy gained about 4.4% and 4%, respectively.<\/p>\n

Covestro, Fresenius Medical Care, Deutsche Bank, SAP, Siemens, Rheinmetall, Commerzbank, Adidas and RWE climbed 1 to 2%.<\/p>\n

Qiagen closed lower by about 5.7%. Continental, Puma, Infineon, Deutsche Post and MTU Aero Engines lost 1 to 3%.<\/p>\n

In the French market, Schneider Electric rallied more than 4.5%, rebounding after recording sharp losses in the previous two sessions. Legrand closed higher by about 3.5%.<\/p>\n

Vivendi, Essilor, Capgemini, Hermes International, STMicroElectronics and Societe Generale posted sharp to moderate gains.<\/p>\n

LVMH ended down 5%. LVMH reported that its 2024 net profit was 12.550 billion euros, down 17% from 15.174 billion euros last year. Profit from recurring operations was 19.571 billion euros, a drop of 14%.<\/p>\n

For 2024, revenue was 84.683 billion euros, down 2% from 86.153 billion euros. Organic growth for the year was 1%.<\/p>\n

The company said it reported organic growth despite a challenging economic and geopolitical environment and a high basis of comparison following several years of exceptional post-Covid growth.<\/p>\n

Kering lost about 6%. L’Oreal and Pernod Ricard lost 2.8% and 2.5%, respectively. Teleperformance, Eurofins Scientific, Thales, Vinci and Michelin ended lower by 1 to 1.5%.<\/p>\n

A report from the GfK Institute said the Consumer Climate Indicator for Germany declined to -22.4 heading into February 2025 from a marginally revised -21.3 in the previous period.<\/p>\n

“The consumer climate has suffered another setback,” said Rolf B\u00fcrkl, a consumer expert at NIM, adding that a sustainable recovery remains out of reach, particularly with inflation on the rise again. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n