European Markets Show Premarket Weakness

As the new week begins, major European stock markets have shown signs of weakness during premarket trading. Investors are bracing for a busy week ahead, filled with earnings reports from some of the biggest names in the business world.

Key Earnings Reports on the Horizon

Ryanair has already kicked off the earnings season with its report on the third quarter of fiscal 2025. The spotlight now turns to other giants such as LVMH, T-Mobile, Deutsche Bank, Shell, Roche, and Sanofi, all of which are expected to release their financial results soon. Additionally, major American companies including Meta, Microsoft, Tesla, Intel, and Apple are set to publish their earnings reports later this week, adding to the anticipation.

Market Movements and Currency Fluctuations

At 8:00 am CET, the DAX was down by 0.35%, the FTSE 100 decreased by 0.73%, and the CAC 40 dropped by 0.44%. The Euro Stoxx also slipped by 1.16%. In currency markets, the euro was down 0.31% against the dollar, trading at $1.04620, while the pound lost 0.25% against the dollar, selling for $1.24549 at 7:43 am CET.