European markets slightly higher ahead of a slew of earnings; Maersk down 16%

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Europe markets opened slightly higher as investors focus on a slew of earnings set to come from Unilever, Societe Generale, Maersk, Siemens and Adyen.

Shares of Danish shipping giant Maersk slumped more than 13% in early trade Thursday after it suspended share buybacks and flagged 'high uncertainty' in its 2024 earnings outlook amid Red Sea disruptions. Societe Generale shares also fell 0.

9% after reporting a sharp decline in fourth-quarter net profit on the back of weaker net banking income. Meanwhile, shares of Dutch payments platform Adyen jumped 17% as higher consumer spending boosted its net revenue for the second half of the year. — Karen Gilchrist

 

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