"German stocks lead the way in Europe this morning, with mainland indices enjoying a fresh surge of buying pressure as traders continue to rotate into global equities off the back of a somewhat downbeat US close. However, the strength seen in Europe also comes from improved earnings data from some of the big hitters. In Germany, shares of engineering giant Siemens surged 6% after the company raised its profit outlook and highlighted growth opportunities within the industrial AI sector."
"On the data-front, the UK brought a fresh data deluge this morning, with the 0.1% GDP figure for the fourth quarter serving to highlight the tepid growth that belies the story told by the stock market. After-all, with the FTSE 100 hitting fresh record highs on a weekly basis, we are seeing a perfect example of the fact that the index is not a reflection of economic performance."
European equities rose, led by strong German performance as mainland indices saw fresh buying pressure and traders rotated into global stocks after a downbeat US close. Siemens shares surged 6% after the company raised its profit outlook and highlighted growth opportunities in industrial AI. French gains from Essilor Luxottica and Legrand lifted the CAC by 0.7%. UK Q4 GDP grew 0.1% with zero services growth and industrial and manufacturing production falling 0.9% and 0.5% respectively, underscoring weak underlying growth despite FTSE 100 record highs. The Bank of England faces pressure amid expectations of disinflation and likely rate cuts. US payrolls beat forecasts by 130k, though a -862k write-down for 2025 jobs and concentrated gains tempered optimism.
Read at London Business News | Londonlovesbusiness.com
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