European stock indices were little changed for a second straight session on Wednesday, as another round of mixed corporate earnings coincided with a strong US jobs report that pushed up borrowing costs across EU economies. The Eurozone’s STOXX 50 edged down 0.2% to 6,040, while the pan-European STOXX 600 rose 0.2% to a new record high of 622.
Siemens Energy jumped 8.5% after reporting that its net profit had almost tripled. Ferrari gained more than 4%, extending the previous session’s 10% rally as investors grew more confident in the sports car maker’s outlook. Ahold Delhaize also surged over 10%, supported by stronger-than-expected performance in its US operations.
In the financial sector, Commerzbank slipped 2% even though the lender projected this year’s profit would exceed its original target. In technology, SAP fell 4%, tracking declines in US software services stocks amid renewed concerns that AI-driven automation could erode revenues across the industry.
