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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines