Europe: Stocks Close Muted for 2nd Session.
European stock indices closed with slight changes for a second session on Wednesday amid another session of contrasting corporate earnings events, while a strong jobs report in the US lifted borrowing costs across EU economies. The Eurozone's STOXX 50 inched down 0.2% to 6,040 and the pan-European STOXX 600 added 0.2% to a fresh record of 622. Siemens Energy soared by 8.5% after its net profit nearly tripled. Also, Ferrari added more than 4% to extend the 10% surge in the earlier session as markets grew further optimistic on the sports car maker's guidance. Additionally, Ahold Delhaize jumped more than 10% on its higher-than-expected US performance. On the financial sector, Commerzbank inched down by 2% despite saying that this year's profit would be ahead of its original target. On the tech front, SAP dropped by 4% to mirror the software services sector in the US amid fresh concerns that AI automation will displace revenues in the industry.