European stocks opened slightly lower, with the French and German markets down 0.4% as the market digests corporate quarterly results

AASTOCKS
2026.02.11 09:02

European stocks opened slightly weaker as the market digests corporate quarterly results and awaits the U.S. non-farm payroll data to be released later.

The pan-European STOXX 600 index fell by 1.18 points or 0.2% to 618.79 points; the UK FTSE 100 index rose by 23 points or 0.2% to 10,377 points; the French CAC 40 index dropped by 32 points or 0.4% to 8,295 points; the German DAX index decreased by 94 points or 0.4% to 24,893 points; the Spanish IBEX 35 index increased by 41 points or 0.2% to 18,163 points; the Italian FTSE MIB index fell by 67 points or 0.1% to 46,735 points.

Dutch Heineken announced plans to cut 5,000 to 6,000 jobs over the next two years and expects operating profit to rise by 2% to 6% year-on-year this year, with its stock price rising by 4.9%. Siemens Energy's quarterly net profit nearly doubled year-on-year to €746 million, driven by strong demand from data centers, with its stock price increasing by 5.4%. Deutsche Bank reported an annual operating profit of €4.5 billion and a net profit of €2.6 billion, exceeding the bank's targets, but its stock price fell by 4.3%. Deutsche Lufthansa faces a strike by pilots' unions over pension disputes scheduled for tomorrow (12th), with its stock price dropping by 3.6%. French software company Dassault Systèmes saw its stock price plummet by 21% due to quarterly revenue and earnings falling short of expectations, with current year revenue guidance indicating only mid to low single-digit growth.

In U.S. stock futures, the Dow futures rose by 78 points or 0.2% to 50,351 points; S&P 500 futures increased by 9 points or 0.1% to 6,970 points; and Nasdaq 100 futures rose by 20 points or less than 0.1% to 25,238 points.

In the Asia-Pacific stock markets, the Shanghai Composite rose by less than 0.1%, the Shenzhen Composite fell by 0.3%, the Hong Kong stock market rose by 0.3%, the Taiwan stock market increased by 1.6% to reach a new high, while the South Korean and Australian markets rose by 1% and 1.7%, respectively, and the New Zealand stock market fell by less than 0.1%. The Indian and Singaporean stock markets rose by less than 0.1% and 0.2%, respectively, while the Japanese stock market was closed for a holiday