Germany
European markets set for lackluster open as traders continue to focus on earnings
Novartis sales rise 10% in third quarter, raises guidance Signage for Novartis AG at a building in the company’s headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023. Bloomberg | Bloomberg | Getty Images Novartis reported 10% sales growth and 20% core operating income growth in its third-quarter results Tuesday, prompting the Swiss pharmaceutical […]
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European markets rise as trading begins; Philips shares tumble more than 12%
European markets rise as trading kicks off European markets were higher as trading began on Monday, with the pan-European Stoxx 600 last adding 0.24% at 8:15 a.m. London time. Travel and leisure stocks were up around 1.1%, while oil and gas stocks lost 1.7%. Regional bourses were also mostly higher with France’s CAC 40 adding […]
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European stocks set to slip at open; Mercedes car earnings plummet
European markets: Here are the opening calls European markets are seen opening mixed on Friday, according to IG data. Germany’s DAX is set to open 33 points lower at 19,416, with France’s CAC 40 down 11 points at 7,497. The U.K.’s FTSE 100 is seen heading for a cautiously brighter start, up 5 points at […]
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European markets move higher; Renault shares up 6% after quarterly revenue jump
European stocks were slightly higher on Thursday, as investors reviewed another batch of earnings reports, and as U.S. market declines weighed on global sentiment. The pan-European Stoxx 600 was up 0.53% by 10:05 a.m. London time, with the majority of major bourses and sectors trading in positive territory. Travel and leisure stocks added 2.85% while […]
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European stocks close lower as traders focus on earnings and bond yields
Canada’s central bank cuts interest rates by 50 basis points Canada’s central bank on Wednesday took a big step in easing monetary policy by cutting its key benchmark rate by 50 basis points to 3.75%. The Bank of Canada said it expects the global economy to expand at a rate of about 3% over the […]
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Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
German company Lilium produces flying electric passenger drones. Lilium German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria. Insolvency would mark a dramatic fall for a startup once touted as Europe’s best chance at building the 21st-century equivalent of “cars” that can […]
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European stocks lower; defense firm Saab up 6%; German software giant SAP hits all-time high
HSBC names first female CFO, announces restructure LONDON – Nov. 5, 2020: Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square. Dan Kitwood | Getty Images News | Getty Images HSBC on Tuesday announced a […]
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European markets open slightly lower; gold prices climb to a fresh record high
European markets open slightly lower European markets opened slightly lower on Monday. The pan-European Stoxx 600 traded down 0.1% shortly after the opening bell, with most sectors in negative territory. — Sam Meredith BofA’s Michael Widmer explains why gold could be the ‘ultimate safe haven asset’ The fundamental backdrop is “quite good” for gold prices […]
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Germany’s auto giants are struggling to stay relevant
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg, Germany. Julian Stratenschulte| Picture Alliance | Getty Images Germany’s automotive sector, long recognized for producing reliable and innovative internal combustion engine (ICE) cars, is struggling to preserve its relevance in the […]
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LVMH falls 6% as third-quarter revenues drop; European markets trade lower
European markets traded lower Wednesday morning as global market sentiment took a turn for the worse. The pan-European Stoxx 600 index was down 0.2% early on in the trading session with the majority of sectors in negative territory. The FTSE 100 was up 0.8% at the open after the latest U.K. data showed the inflation […]
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