A flat Friday on top: Wise up 9.8%, Acciona down 7% underneath

At 15:27 CET on Friday, the DAX and the Euro Stoxx 50 were each up 0.07%, the CAC 40 up 0.03% and the FTSE 100 up 0.21%, per XTB¹. Among the fifty Euro Stoxx members, 23 were up and 27 down¹. That is what a calm Friday looks like from above. These are snapshots, not closes; the settled numbers arrive after our press time.

Underneath, it was not calm. Wise rose as much as 9.8% after a settlement in a Belgian investigation and 23% revenue growth; Acciona fell about 7%, last in the Stoxx 600, after its renewables arm admitted it would miss a €2 billion asset-sale target¹. Richemont, the owner of Cartier, lost between 4% and 6%, at one point 9%, although its half-year operating profit rose 33% to €3.13 billion¹. Investors marked down slower jewellery growth, 14% in the second quarter after 24% in the first, and a 7% fall in Middle East and Africa sales¹. The profit was a record; the share price graded the slope.

The week is the bigger number. XTB put the Stoxx 600 on course for a weekly gain of about 2.4%, its best since June¹; dpa-AFX had the DAX heading for about 3.7% on the week². The reasons are on the invoices: XTB cites third-quarter profits for Stoxx 600 companies rising about 25%, the fastest in four years, with energy up roughly 151% and the rest still about 10%¹. Europe’s indexes carry about 8.8% technology, against more than 35% on Wall Street, which is why the turmoil around Nvidia’s chief reached Frankfurt only faintly¹.

The bill arrives in bonds. Bunds fell more than 100 ticks over the week, and the US ten-year yield touched 5.17%, its highest since 15 October, per Newsquawk³. Shares have had a good week. Borrowing has had a dear one. You will feel the second longer than the first.

For you. A flat index on a Friday is not a quiet market; it is ten loud ones cancelling out. If you own a fund, the average is your story. If you own three shares, read the three reports. Nothing here is investment advice.