economy
January 29, 2026
European markets close lower on 'super Thursday' earnings day
European stocks closed higher on Thursday, with traders focused on a raft of earnings reports from some of Europe's biggest companies.
TL;DR
- Pan-European Stoxx 600 provisionally down 0.2%.
- SAP shares plummeted 16% after its fourth-quarter cloud revenue fell short of estimates.
- Basic resources companies gained 3.2%, European bank stocks were up 0.6%, and financial services added 1.4%.
- ABB shares popped 8% on record quarterly orders.
- Deutsche Bank's fourth-quarter earnings beat estimates but shares fell 1.9% following a money laundering probe raid.
- ING Groep beat profit estimates, but its shares shed 1.1%.
- Roche and Sanofi reported mixed earnings.
- US markets also focused on earnings, with Apple's report due and declines in Microsoft and Tesla.
- Federal Reserve kept benchmark rates steady, indicating solid economic expansion.
- Asia-Pacific markets mostly traded lower.
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