Overview

• European stock futures rose 0.2% ahead of the Wednesday open as investors digested mixed corporate earnings.
• Siemens Healthineers posted 7.6% revenue growth in the third quarter and raised the midpoint of its outlook despite citing elevated geopolitical volatility.
• Santander delivered a record €3.4 billion net profit in the second quarter, unveiled a €1.7 billion share buyback and reaffirmed its full-year outlook.
• L’Oréal’s second-quarter like-for-like sales increased 2.4%, missing analyst forecasts, and the company expects 15% EU-US tariffs to cut 35 to 40 basis points off its 2025 sales growth.
• To offset the new duties, L’Oréal is lobbying EU leaders for carve-outs and weighing price hikes or relocating more production to the United States.