European markets opened moderately higher Thursday as traders assessed the global inflation outlook and the possible trajectory of central bank rate cuts.
was up 0.19% in early deals, with sectors and major bourses diverging. Telecoms stocks led gains, up 0.88%, while household goods ticked 0.48% lower.It's another busy day of earnings with Siemens, Bilfinger, Merck, Fincantieri, Geox, Generali, Veon, Swiss Re, Burberry, Metro Bank, Aviva and Deutsche Telekom among those reporting during the session. European employment figures are also due to be published.
The company suspended its dividend for 2025, announced a cost-saving program designed to"unlock" £40 million a year, and outlined a major strategy overhaul, which new CEO Joshua Schulman said would return the brand to its origins. "We anticipate moderate macroeconomic growth in fiscal 2025, due in part to continuing geopolitical uncertainty including trade conflicts, and also to ongoing challenges for the manufacturing sector due to overcapacity and weak consumer demand," the company said in its earnings release.
As investors mull over how to play the market following the U.S. election result, Sanders Morris' George Bull reveals what he is looking out for right now. Beijing will need to roll out more stimulus measures if President-elect Donald Trump levies more tariffs on China, said Paul Donovan, chief economist at UBS Global Wealth Management.
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