European Shares Little Changed; German Ifo Survey Data Awaited

Group 1: Market Overview - European stocks are near record levels, driven by optimism regarding easing U.S.-China trade tensions [1] - The pan European Stoxx 600 index was marginally higher at 575.92 after reaching a record high of 577.26 [2] - The German DAX increased by 0.2 percent ahead of the German IFO Business Survey data release [2] Group 2: Earnings Reports - Major companies like Apple Inc. and Microsoft Corp. are set to unveil their earnings results this week [2] - Porsche shares rose by 3.1 percent despite a nearly 96 percent drop in profits in the first nine months of 2025 due to high costs from scaling back its electric-vehicle strategy and declining sales in China [3] - Swiss drugmaker Novartis shares fell by 1.4 percent after agreeing to acquire Avidity Biosciences for $12 billion in cash [3] Group 3: Company-Specific News - HSBC Holdings shares dropped by 1.3 percent following the announcement of a $1.1 billion provision for a Madoff lawsuit appeal loss in its third-quarter results [4]