Europe Opens Positive, Adidas Shares "Rapidly"
European stock markets opened higher on Friday, as investors focused on a combination of two factors: corporate performance reports and geopolitical issues. The benchmark Stoxx Europe 600 index rose around 0.2% in early trading, although London's FTSE 100 fell 0.2%.
The main highlight came from Adidas. Its shares jumped around 4% after releasing a performance update: 2025 revenue (on a "currency-neutral" basis) rose 13% to a record 24.8 billion euros. This figure further strengthened the market's confidence that Adidas' sales momentum is strong.
In the banking sector, CaixaBank also made investors smile. Net profit rose 1.8% to 5.89 billion euros, exceeding analyst expectations, and dividends rose 15% to 0.50 euros per share. Its shares also rose around 3.5% after the report was released.
But the market remains cautious due to global political tensions: Trump warned the UK about cooperation with China, while the Russia-Ukraine issue and potential US action against Iran have contributed to oil volatility. At the same time, US stock futures weakened as the market awaited the announcement of Powell's replacement as Fed Chair—Kevin Warsh's name has been widely discussed, and concerns about a tighter policy stance have shaken risk assets. (asd)
Source: Newsmaker.id
