European bourses start strong as earnings drive sentiment
European stock markets opened positively on Thursday following strong corporate earnings and robust macro cues. The UK’s benchmark FTSE 100 climbed to a fresh intraday peak, led by a sharp surge in Schroders shares after a planned buyout, although broader UK GDP data remained subdued. Major continental indices such as Germany’s DAX and France’s CAC 40 also traded higher in early European hours. Across the broader region, the pan-European STOXX 600 tracked gains into record territory, supported by a combination of earnings beats and resilient investor appetite for European shares.
In Europe’s credit and currency markets, the euro and British pound held steady against the US dollar, while commodity-linked assets saw mixed early movements. Energy and financial sectors generally outperformed modest pressure seen in select industrial and tech segments. Analysts highlighted continued focus on corporate earnings releases and key UK GDP figures due later in the session.
African markets see modest gains and political risk pricing
Across major African equity markets, early trading indicated a broad but moderate uptick in key benchmarks. South Africa’s main index, the FTSE/JSE All Share (SAALL), rose around 0.5 % from the previous session as market participants dialled into domestic economic data and the upcoming State of the Nation address. Financials and select industrial names led gains, partially offsetting pressure from political and infrastructural uncertainties reflected in the slightly softer South African rand.
Elsewhere on the continent, the Nigerian Exchange (NGX) recorded modest strength, with banking and insurance stocks powering the index higher. Other regional exchanges showed mixed opening behaviour tied to individual country fundamentals and capital flows. Broader African market sentiment remains attentive to geopolitical developments and scheduled economic releases that may influence local equity performance and capital inflows.
Global cross-market influences shaping today’s openings
Global sentiment has been buoyed by better-than-expected US jobs data and broader equity momentum, which has underpinned confidence in European stock valuations and supported risk appetite in emerging regions. That backdrop, combined with firm corporate earnings results, contributed to the positive start in European markets and helped cushion African equities against isolated currency and political pressures.
Summary of opening moves
- Europe: Major indices opened higher, with FTSE 100, DAX and CAC 40 leading gains; STOXX 600 at near-record levels.
- South Africa: JSE All Share up modestly; rand slightly weaker amidst political data focus.
- Nigeria: NGX All-Share advancing, driven by financial sector strength.
Newshub Editorial in Europe and Africa — Thursday, 12 February 2026
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