Germany
Europe stocks open higher; Volvo Cars sheds 10%, Porsche falls 7% after earnings
AstraZeneca shares fall despite earnings growth AstraZeneca’s production plant in Snackviken, Sweden. Roland Magnusson | iStock Editorial | Getty Images British pharmaceutical giant AstraZeneca was 4% lower shortly after the opening bell, after the company posted its first-quarter earnings update. On Tuesday morning, AstraZeneca reported a 10% year-on-year rise in total revenue, which hit $13.59 […]
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Deutsche Bank posts 39% jump in first-quarter profit, above expectations
A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images Germany’s largest lender Deutsche Bank on Tuesday posted higher-than-expected first-quarter profit on robust investment banking performance, as lenders in Europe’s largest economy navigate broader market turbulence instigated […]
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Europe markets set to open higher; Italy’s Mediobanca makes $7.2 billion bid for Banca Generali
Mediobanca puts in $7.2 billion takeover offer for Banca Generali The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025. Bloomberg | Bloomberg | Getty Images Italian lender Mediobanca on Monday made a public 6.3 billion euro ($7.17 billion) offer to buy domestic peer Banca Generali as it seeks […]
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European markets set to open higher as Wall Street notches three-day win streak
U.K. retail sales better than expected U.K. retail sales volumes rose for the third consecutive month in March by 0.4%, beating gloomy expectations of a 0.3% decline. Clothing and outdoor retailers said that good weather had boosted sales, according to the Office for National Statistics, offsetting a decline in supermarket sales. However, some economists expect […]
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European stocks edge lower as relief rally stalls; Gucci owner Kering falls 4%
Delivery Hero shares fall despite ‘solid’ first-quarter results Delivery Hero reported “solid” first-quarter results, showing 5% growth in ecommerce sales. The company said gross merchandise value, its preferred measure looking at the total value of goods sold, rose to 12.37 billion euros ($14.08 billion) in the first quarter, slightly undershooting investors expectations of 12.38 billion […]
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European markets open lower as global trade concerns mount
European markets returned from the long Easter weekend on a negative note, amid continuing jitters around the U.S. economy and global trade. The pan-European Stoxx 600 index was 0.5% lower by 8:27 a.m. in London, with most sectors and all major bourses in negative territory. Tech stocks led regional losses, with the Stoxx Europe Technology […]
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Europe markets open lower ahead of ECB decision; Siemens Energy jumps 12% on upgraded forecast
Hermès sales rise but narrowly miss analyst expectations A Hermes Birkin bag in a window display at a KaDeWe department store in Berlin, Germany, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images Luxury group Hermès reported higher revenue as U.S. sales grew strongly in the first quarter, though slightly missed analyst expectations. […]
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A ‘stimulus wave’ is set to wash over Germany — and these stocks could benefit
Between Germany’s new coalition agreement and the country’s recent fiscal U-turn, stimulus is set to soar in Europe’s biggest economy. The fiscal package enshrined in Germany’s constitution in March includes changes to long-standing debt rules, paving the way for higher defense spending and a 500 billion euro ($548 billion) infrastructure and climate fund. Germany’s coalition […]
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Europe stocks pop 2.2% as Trump tariff exemptions boost sentiment; tech up 3%
European stock markets were broadly higher on Monday morning, as investors parsed news of a U.S. tariff exemption for some tech items while the earnings season kicks into gear. The pan-European Stoxx 600 index was 2.2% higher at 9:30 a.m. London time with all sectors in the green, bolstered by technology gains of 3%. Oil […]
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European stocks tank 6% at open as global tariff rout deepens
European stocks dropped sharply on Monday, deepening a global market rout that kicked off last week following the latest announcements of U.S. President Donald Trump’s tariffs regime. The pan-European Stoxx 600 was 6% lower shortly after the opening bell, with all sectors and major bourses suffering significant losses. Germany’s DAX index was more than 9.5% […]
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