Live Markets: Mixed earnings pull index in both directions

Davide Campari Milano NV

07/05/2026 09:21

Adds blog post

STOXX 600 up 0.1%

Luxury goods, travel and autos lead gains

Earnings mixed bag

U.S. futures tick higher

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MIXED EARNINGS PULL INDEX IN BOTH DIRECTIONS

Europe's STOXX 600 .STOXX is up a tiny 0.1%, having erased some modest earlier gains as mixed earnings pull the index in both directions.

Optimism over developments in the Middle East is still limiting any further losses, as well as boosting consumer sectors like autos, travel and luxury stocks.

At the top of the index is Zealand Pharma .ZELA.CO, rising 14.6% after Q1 results beat expectations. British insurer Hiscox HSX.L is next, up 5.4% after reporting strong Q1 premium growth.

Shell's results beat expectations, but shares are down 2%. The company also slowed its quarterly share buyback programme to $3 billion from $3.5 billion.

On the flipside, Italian spirits group Campari CPRI.MI is down 11.5% after a Q1 revenue miss, while German speciality chemicals company Lanxess LXSG.DE is down 9.7% after posting a below-expectations outlook for Q2 EBITDA.

Other notable movers include JD Sports JD.L, up 3.3% even as the company warned on a profit hit from uncertainty stemming from the Middle East conflict.

Ad group S4 Capital SFOR.L shares are shedding 11.9% after its revenue fell amid persistent client caution.

On a sector basis, luxury goods names are rising 2.6% .STXLUXP, with travel and leisure .SXTP and autos .SXAP also doing well, up 1.3% and 1.8%.

Utilities .SX60 are the worst-off, down 1.6%, followed by telecoms .SXKP down 1.3%.

(Lucy Raitano)

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