On Monday, the leading stock exchange indicators of Western Europe demonstrated a multidirectional trend amid weak macro statistics for the region.

At the time when this article was written, the composite indicator of the leading European companies STOXX Europe 600 lost 0.04% and dropped to 410.58 points.

France's CAC 40 fell 0.16%, Germany's DAX rose 0.13%, and Britain's FTSE 100 rose 0.23%.

Growth and fall leaders

The value of securities of the Swiss national bank SNB jumped by 2.9%. The day before, the SNB reported a significant loss for January-September 2022 amid the strengthening of the franc and rising interest rates.

The quotes of the Swiss bank Credit Suisse Group AG rose by 4.2% on the report of the details of the plan for the placement of securities worth 1.76 billion Swiss francs.

The market capitalization of the Italian bank UniCredit SpA increased by 2.2% due to an improvement in the forecast of net interest income for the current year.

The share price of the German generating company Verbund AG collapsed by 4.5%.

The value of securities of the French manufacturer of medicines Orpea S.A. soared by 18.7%.

The quotes of the Swiss supplier of commodities Glencore sank by 1.7%. The international business newspaper Financial Times reported that the management of Tesla has begun negotiations with the company on the possible purchase of a stake in the manufacturer of electric vehicles.

Market sentiment

On Monday, European investors were analyzing fresh data on the countries of the region. Thus, according to the preliminary assessment of experts from the Statistical Office of the European Union, in October, annual inflation in 19 eurozone countries unexpectedly accelerated to a record 10.7% from September's 9.9%. At the same time, analysts predicted an acceleration of the indicator to only 10.2%.

Meanwhile, the growth of the gross domestic product of the 19 countries of the euroregion in the third quarter slowed to 2.1% in annual terms and to 0.2% quarterly. The final figures coincided with the preliminary expectations of experts.

According to the Federal Statistical Agency of Germany (Destatis), by the end of September, the level of retail sales in the country increased by 0.9% compared to August. Analysts predicted a drop of 0.3%.

In July-September, Italy's gross domestic product increased by 0.5% in quarterly terms. At the same time, the growth rate of the country's economy decreased compared to the second quarter of 2022, when the rise was 1.1%. Despite this, the final figure exceeded the forecasts of experts who did not expect a change in GDP.

Trading results prior

On Friday, European stock indexes closed mostly in the green zone. Thus, according to the results of trading, the aggregate indicator of the leading companies in Europe, the STOXX Europe 600, increased by 0.14% to 410.76 points. By the way, over the past week, the index soared by 3.5%, which was the highest weekly result since mid-March.

Meanwhile, on Friday, the French CAC 40 jumped by 0.46%, the German DAX increased by 0.24%, and the British FTSE 100 sank by 0.37%.

The value of securities of European energy companies Eni and Equinor increased by 1.7% and 0.5%, respectively, on the back of a tangible increase in net profit and revenue in the third quarter. The key reason for the strong results of the companies was the permanent increase in energy prices in Europe.

The quotes of the German automobile concern Volkswagen decreased by 1.7%. According to the results of July-September, the company's profit fell by 27% (to 2 billion euros) due to the suspension of activities in Russia.

The market capitalization of the European aerospace corporation Airbus SE increased by 3.7%. In the third quarter, the company increased net profit by 65% and revenue by 27%. In addition, the management of Airbus confirmed the forecast according to which the company will deliver about 700 aircraft to customers by the end of 2022.

Shares of the German luxury car manufacturer Porsche AG increased by 0.7%. The company reported a 40% increase in operating profit and revenue from January to September of this year.

The value of the securities of the British bank NatWest Group Plc fell by 9.2%. At the same time, in the third quarter, the company increased its pre-tax profit to 1.09 billion pounds from 976 million pounds for the same period in 2021, but the final figure was lower than preliminary market expectations of 1.24 billion pounds.

The quotes of the Austrian oil and gas group OMV soared by 9.3%. In July-September, the company recorded an operating profit of 3.5 billion euros and announced plans to pay a special dividend of 2.25 euros per 1 security.

The market capitalization of the French drug manufacturer Sanofi increased by 1.2%. The day before, the company predicted faster profit growth in 2022 amid high demand for its flu drug.

The share price of Swiss reinsurance company Swiss Re sank by 2.4% amid a net loss for January-September 2022 due to a large number of insurance claims in connection with Hurricane Ian in the United States.

On Friday, market participants analyzed statistics on the countries of the region. Thus, in July-September, the German economy grew by 0.3% compared to the second quarter and by 1.2% in annual terms. At the same time, the market predicted a decrease in the first indicator by 0.2% and an increase in the second by 0.8%.

In the third quarter of 2022, the gross domestic product of France rose by 0.2% on a quarterly basis and by 1.2% on an annual basis. Meanwhile, in October, the level of consumer prices in the country soared by 7.1% in annual terms after an increase of 6.2% in September. At the same time, experts interviewed earlier assumed an acceleration of inflation to only 6.4%.

In July-September, the Spanish economy grew by 0.2% on a quarterly basis and by 3.8% on an annual basis. Analysts on average predicted a rise of 0.3% and 4%, respectively.

Meanwhile, in October, the inflation rate in Spain was 7.3%, which was the lowest since January 2022. Recall that in September this indicator was at the level of 9%. The growth of consumer prices in the outgoing month turned out to be significantly weaker than the 8.4% increase expected by the market.