European Markets Mixed as Investors Eye Tesla, SAP Earnings

Markets hold steady despite trade optimism. Investors brace for Tesla and SAP earnings. Energy prices and the euro's strength could affect consumers' bills.

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2025 October 22 . 10:00 PM

1 min read

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European Markets Mixed as Investors Eye Tesla, SAP Earnings

European markets experienced a mixed day on Thursday, with investors remaining cautious due to concerns about earnings from Tesla and SAP. The DAX held steady, while shares of certain companies rose and fell in Frankfurt.

The DAX managed to consolidate without significant profit-taking, closing at 24,187 points, a marginal increase from Wednesday's close of 24,151 points. Among the gainers in Frankfurt were Scout24, Siemens Healthineers, and Continental, while Siemens Energy underperformed.

Progress in U.S.-China trade negotiations brought optimism to the markets, with the potential for substantial upside if tensions ease further. Meanwhile, energy prices fluctuated, with a barrel of North Sea Brent crude rising to $62.39, up 1.7 percent. Natural gas contracts for November delivery fell to €32 per MWh, a 2 percent decline, which could translate to consumers paying at least eight to nine cents per kWh, including taxes and additional costs. The euro strengthened slightly, with one euro fetching $1.1610.

Despite progress in U.S.-China trade talks, investors remained cautious due to fears of disappointing earnings from Tesla and SAP. The DAX held steady, and while some companies saw gains, others lagged. Energy prices and the euro saw modest movements, with potential implications for consumers' energy bills.