Market Pulse - Europe
Europe close: Stocks finish higher as dollar slips
European markets showed resilience on Thursday, bolstered by a surge in eurozone construction activity.
Europe close: Stocks down for a second week on geopolitics, volatility gauge rockets
Stocks on the Continent ended the session on a mixed note and with investors nursing a second consecutive week of losses.
Societe Generale sells Moroccan unit to Saham Group
French bank Societe Generale has agreed to sell the majority of its Moroccan arm to Saham Group for €745. 0m as it forges ahead with chief executive Slawomir Krupa's plan to streamline the business.
Europe close: Stocks slip even after ECB opens door to June rate cut
European stock markets were in the red amid the ongoing uncertainty surrounding the interest-rate outlook in the U. S.
Eurozone construction PMI drops to 42.4 in March
Hamburg Commercial Bank's Eurozone construction purchasing managers index dropped to 42. 4 in March, down from a reading of 42. 9 in February.
German factory orders rise 0.2% in February
German factory orders rose by 0. 2% month-on-month in February, according to the Federal Statistical Office, missing estimates for a 0. 8% jump but recovering from January's revised 11. 4% tumble - the steepest fall since April 2020.
Citi, Barclays set to trim investment banking headcounts
Banking giants Barclays and Citigroup were reportedly gearing up to trim their investment banking workforce, it emerged on Thursday, amid a slowdown in dealmaking activity within the sector.
Eurozone construction output increases in January
Eurozone construction output increased 0. 5% in January, according to preliminary reports from Eurostat.
Logitech shares slide on surprise CFO departure
Swiss computer accessories giant Logitech surprised markets on Monday, announcing that chief financial officer Charles Boynton would depart in May, having served in the role for just over a year.
Europe close: EU markets deliver mixed performance
European markets delivered a mixed performance on Friday while LPP Group shares were suspended after short seller Hindenburg Research claimed the Polish retailer’s Russian divestments were a "sham", causing the stock to plunge.
Adidas FY sales fall short of estimates
German sportswear giant Adidas reported full-year results that fell short of estimates on Wednesday as a result of the loss of its very profitable Yeezy line following the cessation of its long-running collaboration with Kanye West.
Ryanair cuts back schedule amid Boeing 737 MAX delays
Ryanair confirmed further setbacks in its aircraft delivery schedule on Friday, after Boeing announced a reduced number of 737 MAX-8200 deliveries.
Ryanair blames Boeing as it revises down passenger forecasts
Ryanair revised down its passenger forecasts and warned of possible flight cancellations over the upcoming summer season on Monday, blaming Boeing over worsening delays in aircraft deliveries.
Danone confident after reporting rise in full-year sales
French food multinational Danone reported a 7% jump in full-year net sales on a like-for-like basis in its 2023 results on Thursday, to €27. 62bn.
German economy now likely in recession - Bundesbank
Germany's Bundesbank warned on Monday that Europe's largest economy was now likely in recession, with external demand weak, consumers remaining cautious, and domestic investment being held back by high borrowing costs.
Commerzbank posts strongest performance in 15 years
German banking giant Commerzbank reported its strongest financial performance in 15 years on Thursday, buoyed by a significant increase in net profit driven by high interest rates.
Airbus proposes special dividend, reports strong FY earnings
Aerospace corporation Airbus declared a special dividend on Thursday as it detailed a strong set of full-year results, with order intake and adjusted underlying earnings both increasing in the twelve months ended 31 December.
Continental to cut 7,150 jobs amid global EV transition
German automotive supplier Continental revealed plans to cut 7,150 jobs worldwide by 2025 on Wednesday.
Eurozone industrial output rises unexpectedly, employment holds steady
Eurozone manufacturing rose unexpectedly in December, according to fresh data released on Wednesday, suggesting a revitalisation of industrial output alongside stable employment growth.
Societe Generale confident despite fall in full-year revenue
French banking giant Societe Generale reported full-year revenue of €25. 1bn in its results on Thursday, down 7. 6% year-on-year.