Business · Markets · 10 hrs ago
European markets rise as investors watch earnings and energy prices
Major European stock markets were higher around midday on October 12, while futures tied to US markets were mixed.
Madrid, Frankfurt, London, Milan and Paris all recorded gains.
With few major economic data releases, investors were watching the start of the latest company earnings season.
Luxury goods group LVMH was due to report results that day, followed the next day by major US banks including JPMorgan, Goldman Sachs, Wells Fargo and Citigroup.
Oil and gas prices rose, while gold was nearly unchanged.
European carmakers and banks were among the shares attracting buyers, although some energy companies fell slightly.
The figures describe trading around midday, so markets could move later in the session.
Major European stock markets were higher at midday on October 12, while US futures were mixed.
Investors focused on early quarterly earnings in the absence of major economic data.
Oil and natural gas prices rose, with the gas market affected by winter’s approach and exceptional maintenance at a facility in Norway.
Madrid gained 0.8%, Frankfurt and London rose 0.7%, Milan added 0.65%, and Paris advanced 0.25%.
- Who
- Major European stock markets and investors.
- What
- European markets rose at midday as investors watched early quarterly earnings and energy prices.
- When
- October 12, 2026, at midday.
- Where
- European financial markets.
- Why
- Investors focused on early earnings in the absence of major economic data; gas prices rose as winter approached and a Norwegian facility underwent exceptional maintenance.
This story does not have two clearly opposing sides.
LVMH was due to report quarterly results.
JPMorgan, Goldman Sachs, Wells Fargo and Citigroup were due to report.
- Milan
- Up 0.65%
- Madrid
- Up 0.8%
- Gas
- Up 2.35% to €83.36 per MWh
- WTI crude
- Up 0.98% to $92.80 per barrel
- US futures
- Mixed
Sources
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