European stocks opened flat on Wednesday as market momentum wanes. H&M leapt to the top of the Stoxx 600 index.
Elsewhere overnight, U.S. stock futures were up modestly following a losing session on Wall Street that pulled the indexes further from record levels.continued to top gains in late morning trade, up 13% after analysts praised significant beats on operating profit and gross margin in its fiscal first quarter.
The euro-krona exchange rate nearly touched 11.5 for the first time since November 2023 before paring gains, while the U.S. dollar was 0.06% higher at 10.59. Nissan said it will be funding its share acquisition with cash, noting the decision is part of its strategy of "enhancing shareholder returns and capital efficiency."their decades-long alliance, with Renault reducing its shareholdings in Nissan from around 43% to 15% at the time, as well as transferring 28.4% of its interest in the Japanese carmaker into a French trust.
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