BusinessInnovationTechnology

European Markets Set for Modest Gains as Earnings Season Intensifies

European equity markets are expected to open slightly higher Friday as investors digest a wave of corporate earnings. Key economic indicators and international trade developments remain in focus as market sentiment appears cautiously optimistic.

European Market Outlook

European stock markets are reportedly poised for modest gains at Friday’s opening, according to trading analysis from IG Group. Market sentiment appears buoyed by ongoing earnings season results, with Germany’s DAX 40, France’s CAC 40, and Italy’s FTSE MIB indexes all expected to open approximately 0.2% higher. The UK’s FTSE 100 represents the sole exception among major European indices, reportedly set to trade near the flatline at the opening bell.

AIEnergyStartups

German AI Energy Specialist etalytics Secures €8 Million Series A Extension from Microsoft’s M12

German DeepTech firm etalytics has extended its Series A funding to €16 million with Microsoft’s M12 leading the €8 million extension. The AI energy intelligence platform helps industrial clients reduce energy consumption by up to 50% according to company reports. The funding will accelerate global expansion, particularly into the U.S. market.

Major Funding Milestone for AI Energy Optimization

German energy technology startup etalytics has successfully closed an €8 million Series A extension, bringing its total Series A funding to €16 million, according to recent reports. The Darmstadt-based DeepTech company, which specializes in AI-powered energy intelligence solutions, announced that the extension is led by M12, Microsoft’s Venture Fund, with continued participation from existing investors Alstin Capital, ebm-papst, and BMH.

EnergySustainability

Infineon Secures Renewable Energy Deals with European Partners to Power German Chip Production

German semiconductor manufacturer Infineon has entered into two significant power purchase agreements to green its energy supply. The deals with wind developer PNE AG and renewable energy giant Statkraft will provide substantial clean electricity to multiple German production sites.

Major Renewable Energy Partnerships

German semiconductor manufacturing giant Infineon Technologies has reportedly signed two significant power purchase agreements with European energy providers to power its German operations, according to recent industry reports. The agreements with German wind developer PNE AG and Norwegian state-owned energy company Statkraft represent a substantial commitment to renewable energy sourcing for the chip manufacturer.