DAX, CAC, FTSE100, European stocks trade mixed as EU unveils new Russian sanctions package

European equities showed a mixed performance on Thursday as investors digested another busy round of corporate earnings and kept an eye on trade developments between the U.S. and China.

On the geopolitical front, EU member states officially approved a 19th package of sanctions against Russia over its war in Ukraine. The new measures include a ban on imports of Russian liquefied natural gas.

“It’s a significant package that targets main Russian revenue streams through new energy, financial, and trade measures,” the Danish rotating presidency of the EU said.

Among major indexes, Germany’s DAX slipped 0.2%, France’s CAC 40 added 0.2%, and the U.K.’s FTSE 100 advanced 0.6%.

In earnings news, SAP SE (TG:SAP) fell 2% after third-quarter revenue missed analyst expectations. Orange S.A. (EU:ORA) gained 1% after raising its full-year guidance thanks to stronger-than-expected core profit.

Catering giant Sodexo (EU:SW) tumbled 8% as it projected slower revenue growth in 2026, pointing to U.S. market headwinds. Defense and aerospace group Thales Group (EU:HO) added 2% after posting a 9% increase in sales over the first nine months of 2025 and reaffirming its full-year outlook.

Automaker Renault Group (EU:RNO) lost 1.4% despite beating third-quarter revenue estimates, while Dassault Systèmes SE (EU:DSY) plunged 16% after trimming its full-year revenue growth forecast.

Semiconductor maker STMicroelectronics (BIT:STMMI) dropped nearly 5% following weaker-than-expected fourth-quarter guidance. In contrast, Volvo Car AB (TG:8JO1) soared 34% after reporting a slight profit increase for Q3, supported by major cost-cutting efforts.

Rentokil Initial (LSE:RTO) jumped 10% as organic revenue growth beat expectations, while InterContinental Hotels Group (LSE:IHG) slipped 1.2% despite stronger room revenue.

Lloyds Banking Group (LSE:LLOY) gained around 1% even after reporting a sharp drop in profit and lowering annual guidance. Consumer goods giant Unilever (LSE:ULVR) rose 2% after reporting a 3.9% increase in underlying sales for Q3 2025.

Nokia Corporation (EU:NOKIA) rallied 9% after third-quarter profit beat forecasts. Roche Holding AG (BIT:1ROG) declined 2.3% as nine-month sales came in below expectations, while Lonza Group (BIT:1LONN) climbed 3.5% after confirming its full-year guidance.