Focus: EuropeMarket Close: Thu, 29 January 2026
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European markets showed mixed performance today, with a heavy focus on corporate earnings season ("super Thursday" for many companies). The session featured gains in some indices offset by notable drags, particularly in tech.
Key Drivers and Highlights
- Earnings Season Impact: A flood of Q4 results drove movements. ABB surged 8% on strong results,
- Major Drag: SAP plummeted 16% (its worst day since 2020) after cloud revenue missed estimates and warnings of slower backlog growth in 2026 which heavily weighed on the DAX and tech sentiment.
- Some pharma names like Roche and Sanofi were weaker (currency impacts and missed expectations), while miners benefited from commodity strength (gold/silver surge amid weak dollar).
- The weaker US dollar supported commodity-related stocks and boosted some euro-denominated assets. The Fed kept rates steady (as expected), but geopolitical tensions (US-Iran) and euro strength concerns added caution. No major economic data releases dominated, but corporate news took center stage.
Overall, it was a choppy day with earnings dispersion creating winners and losers, leading to uneven closes across Europe. Tech-heavy pressures (especially SAP) pulled some indices lower, while commodity and financial resilience helped others hold up.
Swing Trading Ideas (1–4 Weeks) - TEVO Methodology
Today's TEVO swing trade shortlist presents two Pending Medium-Term Reversal long setups in the European market, targeting oversold conditions with improving momentum. These opportunities span the chemicals and banking sectors, offering potential for 1-4 week swings with solid hit rates around 70%. The setups appear robust, supported by advancing medium-term Qscores, positioning them as high-probability entries amid current market rotations.
| Q | Target | Δ% | Hit% | ||
| Air Liquide Sa (AI:XPAR) ▲ | -5.0 |
↑
163.00
+3.0%
72%
Avanza Bank Hold (AZA:XSTO)
-5.7
365.36
+4.7%
69%
TEVO trades pick oversold/overbought but improving setups with positive expected value, strong historical hit-rates, giving you only the highest-probability swing opportunities each week. |
Market Movements
European benchmarks traded mixed, with the DAX declining over 2% while the FTSE 100 edged higher, and the Stoxx 600 slipping modestly; the VSTOXX volatility index jumped sharply by nearly 13%, underscoring rising unease. Energy led sector gains with broad-based advances, contrasting sharply with information technology's steep drop of more than 3%, as equal-weighted GICS data confirmed widespread weakness in health care and materials. What this means: The rotation into defensive and commodity-linked areas suggests investors are hedging against growth slowdown risks, with elevated volatility potentially amplifying near-term swings. Pending Medium-Term Reversal longs in select names align with this, offering mean-reversion potential if momentum stabilizes.
Equities | 1D | WTD | FTSE 100 | +0.2% +0.3% CAC 40 +0.1% |
-0.9%
STOXX 600
-0.2%
Euro Stoxx 50
-0.7%
DAX
-2.1%
-2.4%
VolatilityVSTOXX +12.8% +18.7% |