Prysmian earnings in focus ahead of results day - 29 Jul 2026

As of July 29, today’s news sees Prysmian's upcoming earnings report, Nexans’s first-half results, and notable geopolitical developments. Prysmian is set to release its first-half financial results tomorrow, with Bloomberg consensus estimates predicting a net income of 575.8 million euros and revenues of 10.79 billion euros. In related industry news, Nexans experienced a notable surge in its shares, rising by as much as 3.6% after the company revised its adjusted EBITDA forecast for the year upwards. CFO Vincent Piquet disclosed during a conference call that Nexans plans to initiate a bond sale of approximately 500 million euros aimed at refinancing a bridge loan tied to its acquisition of Republic Wire. Meanwhile, Terna is exploring small mergers and acquisitions that align with its strategic growth objectives, as stated by CFO Francesco Beccali. In broader market trends, Rio Tinto announced a striking 43% increase in its first-half earnings, a performance attributed largely to robust demand for copper and aluminum, which now represent over half of the company's profits. Glencore also reported a significant boost, with a 15% rise in copper production and projected adjusted core earnings around 3.3 billion euros from its marketing unit. Looking at macroeconomic conditions, signs of volatility are emerging in the U.S. stock market, fueled by anticipation surrounding major earnings reports from technology giants. This comes against a backdrop of tightening market performance influenced by fluctuations in key technology stocks and evolving sentiments towards the artificial intelligence sector. From the international front, geopolitical tensions have escalated following joint military strikes by the U.S. and Saudi Arabia against Iran-backed groups in Iraq, signaling a resurgence of conflict in the region. In response to these developments, oil prices surged over 7%, reflecting increased concerns regarding geopolitical risks and supply stability.