Market Pulse - Europe
Mercedes-Benz Q1 earnings plummet on model transitions, EV slump
German automotive group Mercedes-Benz said on Tuesday that Q1 earnings had plummeted as it was weighed down by model changes and soft demand for electric vehicles.
German economy avoids recession, labour market resilient
The German economy avoided recession in the first quarter of the year, with modest 0. 2% growth reported on Tuesday, surpassing analysts' expectations.
France proposes acquisition of key assets from Atos
The French government has floated the idea of snapping up key assets from heavily indebted technology firm Atos in an effort to keep the company within the country.
European economic sentiment takes a hit in April
Economic sentiment took a hit across both the eurozone and the wider EU in April, according to survey data released on Monday, alongside a downturn in employment expectations.
Tesla announces plans to cut 400 jobs in Germany
Tesla is set to trim around 400 positions at its German gigafactory near Berlin, it emerged on Tuesday, accounting for 3% of the factory's total workforce.
Europe close: Stocks rise as investors digest PMI data
European markets closed above the waterline on Tuesday, propelled by positive survey data from the eurozone that bolstered investor sentiment.
Expanded use of Cosentyx drug sees Novartis raise expectations
Swiss pharmaceutical giant Novartis raised its full-year guidance Tuesday after beating expectations in its first quarter.
Galp shares surge on news from Namibia's Mopane field
Shares in Portuguese oil company Galp Energia popped on Monday, after it announced completion of the initial exploration phase in the Mopane field, offshore Namibia, revealing the potential presence of a substantial oil reserve of at least 10 billion barrels.
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.