Benelux

Investors took comfort in some corporate earnings and weighed the potential impact of higher oil prices on monetary policy. The STOXX 600 index, which measures the performance of all European markets, rose 0.6% to 644.67 for a second consecutive week. SAP, the software giant, gained 10% on Germany's DAX after it reported that second-quarter cloud backlog growth was ahead of analyst expectations. The technology index gained 1.7% after STMicroelectronics' and BE Semiconductor's quarterly reports failed to impress investors on Thursday. Investors are trying to balance AI growth with stretched valuations and returns on large investments in technology. This has led...

The latest LSEG 'I/B/E/S' data on Wednesday showed that estimates for blue-chip European companies have?improved. Soaring energy sector?profits will help a deliver the best growth in over three years. According to a data set based on 77 company results and market expectations for those who have not yet reported, companies on Europe's benchmark STOXX 600 Index are expected to post earnings growth of 17.3% during the second quarter. The aggregate growth rate is 7.2%, excluding the estimated 122.6% growth rate for the energy sector. The blue-chips in Europe are expected to grow by 11.5%. This is their highest rate since...

According to LSEG's forecasts, published Thursday to coincide with the start of reporting season, a surge in energy sector profits will help European blue-chip companies to post their highest earnings growth in more than three years. LSEG IBES data predicts that companies in Europe's benchmark STOXX 600 index will report earnings growth of 16.7% during the second quarter. This is based on?results from 28 companies, and market estimates for those whose results are not yet in. The rate of growth excluding energy companies is a modest 6.4%. The European energy'majors' are reportedly?posting profits that are more than 125% greater year-on-year....

Interim President Delcy Rodriguez confirmed that two powerful earthquakes hit Venezuela on Wednesday. At least 32 people were killed and 700 others injured as buildings in and around Caracas collapsed. According to the U.S. Geological Survey, a magnitude-7.2 earthquake struck about 160 km (100 mi) west of Caracas. It was followed by a magnitude-7.5 tremor less than a second later. The USGS used predictive modeling to estimate that the death toll would "most likely" be in the thousands with a high probability of exceeding 10,000. Rodriguez stated that the initial numbers 'do not include casualties in La Guaira, near Caracas,...

SK Hynix, a South Korean company, said it plans to raise as much as 45.45 trillion won ($29.43billion) through a U.S. IPO. The company is aiming to increase its 'investor base' and 'production capacity for artificial intelligence chips. The listing of American depositary receipts, if completed to the top, would be one of the largest ever in history. It is comparable in size with Saudi Aramco’s IPO scheduled for?2019. Investor and analyst reactions to the latest news: CLSA SENIOR ANALYST SANJEEV RANA "If (SK Hynix can) get a valuation multiple that is similar to Micron for example, the local shares...

A petrochemical explosion in Tiszaujvaros in eastern Hungary has resulted in the death of a person, and serious injuries to several others. In a post on Facebook, Magyar stated that MOL's Zsolt Henadi and Istvan Kapitany, his minister of economy were on their way to the plant. Magyar posted a picture of 'huge black smoke billowing from the plant. An explosion occurred at MOL Petrochemicals in Tiszaujvaros, during the restarting of the Olefin 1, plant. MOL reported that firefighters had contained the fire and are still working to put it out. The company did not provide any further information. Kapitany...

Data exclusively shared with shows that demand for electric vehicles has risen in Europe as fuel prices linked to the 'Iran War' have pushed sales of second-hand and new EVs. This is a boost for the auto industry. While?sales for fully electric cars in Europe are expected to grow 30% by 2025, the adoption of EVs on the continent is still behind industry expectations. 'Carmakers - from Fiat-owned Stellantis to Volkswagen, who had invested heavily to meet the expectation of a much higher EV market, have booked multi-billion dollar charges in the past year to cover asset writedowns. The rise...

Compass Gas e Energia SA is expected to price its initial public offer on Thursday. This will end a 'nearly 5-year drought' of IPOs in Brazil, caused by high interest rates. According to two people familiarized with the transaction, the sale of 89.3 millions shares by the existing shareholders of the natural-gas distributor could generate around 3 billion Reis ($600 Million). One of the people said that by early afternoon on Thursday, the orders were almost three times larger than the offer. The second source, however, added that despite the high demand, pricing could be at the lower end, at...

Solvay, a Belgian chemicals company, said it would pass on higher energy and transportation costs to its customers in response to the Iran War. Solvay says it will assess how the temporary closure of its Saudi Arabian-based joint venture peroxides would affect its business during the second quarter. It adds that the overall impact is limited. Vara Research had predicted a core profit of 220 millions euros, but the comments accompanying them showed that it fell to 219 million euros (257.37 dollars), a 12.4% decline. Solvay's Middle East sales are less than 5%, but since mid-March, production has been stopped...

By America Hernandez PARIS, 30 April - French oil major TotalEnergies, and Philippine renewables developer Nextnorth, have announced that they have started construction on a 440 Megawatt-peak Solar Park in the Asian nation. The $300 million project is scheduled to be 'online' by the end of 2027 and will produce 1.2 Terawatt-hours over a period of?20 Years. The remaining half will go to the national grid in the fourth renewable tender round. Total, unlike other oil companies that have walked back on their renewable commitments has expanded its green portfolio. Most recently, it formed a joint venture, with Emirati company...

Gregor Stuart Hunter gives us a look at what the future holds for European and global markets. Fed Day is upon us, and it looks more certain than ever that Jerome Powell will be the next chair. The Senate will vote on Kevin Warsh by the end of the Federal Open Market Committee, setting the stage for the most important period at the world's largest central bank. Fed funds futures indicate a 100% likelihood of a hold. No policy changes are expected before 2027. Warsh's ability to navigate the relationship between the FOMC and the White House is still in...

Online car platforms report that the spike in petrol prices caused by the war in Iran is driving consumers to switch from combustion engines. Terje Dahlgren is an analyst for?Norway’s largest used-car marketplace Finn.no. She said that there's currently a 'electric car bonanza' in the used market. The conflict, which began on February 28, disrupted an important shipping route that transports roughly 20% of the world's oil supply. The European Commission's data shows that the cost of gasoline in the European Union increased 12% between February 23 and March 16 to $1.84 ($2.12) a litre. Aramisauto, a French online used...

The European Commission announced on Wednesday a series of'measures' to help Europol, the EU law enforcement agency, respond more quickly and effectively to cross-border crime. Europol warned in 2017 that organized crime groups were using AI scams to target their victims. Many governments continue to make it a priority to combat smuggler gangs who illegally transport migrants across Europe. * The Commission stated that 'Europol will create a?shared data space? and a sovereign cloud to enable investigators to more easily collaborate on joint cases. The Commission announced that the agency would also open support offices in EU member states, which...

Here are some company news and stories from France and Benelux that could impact the markets in the'region or individual stocks. RENAULT/STELLANTIS :?Demand 'for electrified cars' continued to support growth in Europe's automotive market in May. This offset a sharp drop in petrol and diesel sale and allowed Chinese?brands?to expand their footprint. VALEO - French automotive supplier Valeo has signed a contract with Nissan to provide smart electric vehicle charging using'vehicle to grid technology. VIOHALCO: Belgian Industrial Group Viohalco has launched a 100% secondary bookbuilding offer to institutional investors for about 6,000,000 existing ordinary shares of Cenergy Holdings in which...

CRH, a building materials company based in Ireland, announced on Monday that it will acquire Arcosa of the United States in a cash-only deal worth $8.5 billion. This acquisition will strengthen CRH's position in North America. CRH has offered $150 per share, which is a premium of 10.4% over Arcosa’s previous closing price. In premarket trading, shares of the Dallas-based company rose by 7.5% to $146. Jim Mintern, CEO of CRH, said that the deal enables CRH to take advantage of rising demand in U.S. utility and energy infrastructure. Arcosa is a large manufacturer of energy transmission equipment in the...

Riccardo Orcel - a former senior banker of the Russian state-backed VTB Group, and brother to UniCredit's CEO Andrea Orcel – helped broker a deal for UniCredit to sell its Russia business. His involvement, which was previously unknown, provides insight into the way Italy's second largest bank negotiated a deal with Russia. He drew on the expertise of the former VTB executive - who was one of the most well-known Western bankers working in Moscow. Riccardo orcel left VTB in the past, and it is now subject to Western sanctions. In a press release, the bank stated that "UniCredit?confirmed" that...

European space stocks rose?on Thursday?after Elon Musk filed for a listing on the stock market. This raised hopes that a historic debut could boost valuations throughout the sector. Eutelsat, the French satellite operator, rose by 20% and reached its highest level in over a year. German satellite manufacturer OHB rose 15%, while Luxembourg-based SES gained 3.7%. SpaceX would become the first U.S. company to list at its reported valuation if the listing is completed. Market debut initial public offerings worth more than $1 trillion. "I do not think that there will be a capital flight. IPOs of large size are...

Arafura Rare Earths announced on Thursday that it has approved the development of its $1.6 billion Nolans Project in the 'Australian Northern Territory', which will 'become 'the third-largest rare earths operations of the country by the end of this decade. The project is designed to deliver 4,440 metric tons of neodymium-praseodymium (NdPr) oxide annually, targeting markets outside China amid growing demand for rare earths used in electric vehicles and wind turbines. Arafura has secured financing commitments with the export credit agencies in the United States, Canada and Germany, as well as global trading houses and manufacturers. This is because Western...

The Russian property agency Rosimushchestvo announced 'on Thursday that it will 'launch an auction for the sale of a 67.2% stake in gold producer Uzhuralzoloto, which the state confiscated last. The agency stated that the stake was worth 140.44 billion Russian roubles, or $1.88 billion. The agency will accept applications up until May 15 with results due by May 18. It was announced that the total value of assets and the starting bid price would be 162.02 billion rubles, with a 2% bidding increment and a 20% deposit required by auction participants. A Russian court ruled in July 2025 that...

ArcelorMittal, the world's second-largest steelmaker, reported stronger-than-expected core earnings ?on Thursday, helped by ?higher steel prices and ?improved performance ?in its North America business. According to LSEG data, the Luxembourg-based firm posted core earnings in the first quarter of 1,68 billion dollars, exceeding analysts' estimates of $1.65billion. Aditya Mittal, CEO of Aditya Mittal Group, said in the earnings report that "the fundamentals of our business have improved in the last three months." He said that the performance in the first three months was resilient, despite "unsettled background" in the Middle East. EU STEELMAKERS SEEK RECOVERY Despite the fact that demand...

Analysts say that after a half dozen flat earnings seasons in the European Union, steelmakers are poised for a recovery. The first quarter of 2026 may be an inflection-point. Steel prices increased faster than anticipated in recent months, despite the fact that demand has not?recovered?to 2022 levels. This is due to rising energy prices and a decrease in imports outside of the EU as a result of the EU's newly implemented safeguards. The price of hot-rolled coils in Europe has increased by around 20% over the last six months. Oddo BHF analyst Maxime Kogge said that, excluding demand, the planets...

Mark Kristoff is the chief executive officer of commodity trader Traxys. He said that derivative contracts for niche-critical?minerals? including rhenium, could be developed over time, as industrial users seek to find better hedging instruments due to supply concerns and volatility in prices. Minerals such as rhenium and halfnium, which are not well-known outside of specialist markets, are essential to the aerospace and defence industries, and the energy industry. Prices of essential minerals have already been pushed up by the growing demand and limited supply. Kristoff says that many so-called minor and strategic metals today are too illiquid to be exchange-traded,...

The European steel association Eurofer stated on Tuesday that EU measures to halve the amount of tariff-free imports to the bloc would save the industry from a "cliff?edge?moment". This should allow the production to be resumed at idle plants. The EU institutions came to a preliminary agreement late on Monday, which limits tariff-free imports at 18,3 million metric tonnes, a reduction of 47% compared to 2024. They also double the duty for imports that exceed the quota. The measures that lifted shares from ArcelorMittal Thyssenkrupp Salzgitter will replace existing safeguards which under World Trade Organization regulations?must end after eight years...

The World Steel Association cut its forecast on global 'crude steel demand' for this year. This was partly because of the Iran War, which has slashed Middle East consumption. The industry group reduced its forecast of growth in 2026 steel demand to 0.3%, or 1.72 billion tons. This is down from an earlier forecast in October that was 1.3%. "We expect that the conflict in the Middle East will result in a sharp decline in the region's demand for steel in 2026. This was a strong area for growth," said Alfonso Hidalgo Calcerrada. "We're now transitioning to a modest growth...