economy
February 26, 2026
France's Engie Jumps 7% After $14 Billion UK Power Grid Deal; European Markets Close Flat
More broadly, European stocks were mixed as corporate earnings held the spotlight.
TL;DR
- European stocks finished mixed, with corporate earnings as the main focus.
- Puma reported a decline in sales but its shares rose, while Rolls-Royce expects significant profits in 2026.
- London Stock Exchange Group announced a £3 billion share buyback, boosting its stock.
- Allianz and AXA reported strong full-year operating profits.
- Engie's stock advanced over 7% following its £10.5 billion deal to acquire U.K. Power Networks.
- Global trade uncertainty due to President Trump's tariffs persists, though markets were relieved by a 10% tariff rather than a higher threatened rate.
- US stock markets (S&P 500, Nasdaq, Dow Jones) were lower, influenced by Nvidia's stock dip after its earnings report.
- Asia-Pacific markets rose, tracking Wall Street gains driven by strong earnings.
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