FRANKFURT (Reuters) – German industrial group Siemens plans to cut 7,800 jobs worldwide, or about 2 percent of its workforce, to complete a wide-ranging restructuring of the company, it said on Friday. About 3,300 of the jobs lost will be in Germany, where the trains-to-turbines group employs 115,000 people. Siemens said the cuts – which Read More
Author: Dax Futures
STUTTGART (Reuters) – Daimler (DAIGn.DE) said sales momentum at its Mercedes division would help it achieve significantly higher revenue and operating income this year, as it reported a 10 percent jump in fourth-quarter operating profit. The global rollout of a new version of its top selling C-Class sedan helped Mercedes raise its operating margin, lifting Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks were mostly lower and the euro slipped on Thursday after the European Central Bank said it would not accept Greek bonds as collateral – a robust early response to Athens’s efforts to renegotiate bailout terms with creditors. Spreadbetters expected the Greek situation would take a toll on Read More
European shares closed mixed, off session lows on Wednesday, as investors reacted to earnings and hopes that the Greek debt dispute would be resolved. The pan-European Euro Stoxx 600 Index (^STOXX) crept higher in the afternoon to end around 0.4 percent higher. However, major bourses closed in different directions. The U.K.’s FTSE 100 (FTSE International: Read More
By Patrick Graham LONDON (Reuters) – The U.S. dollar steadied on Wednesday after its worst day in more than a year, and a retreat in oil prices after four days of gains halted a rally in European stock markets. Globally, investors’ appetite for risk appears much stronger than it was a week ago. Oil has Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks sagged on Tuesday amid ongoing growth concerns, while the Australian dollar plumbed six-year lows after the Reserve Bank of Australia cut interest rates to a record low. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent after the latest batch of weak U.S. data worsened Read More
European equities closed mixed on Monday, after a volatile day of trading. The pan-European Euro Stoxx 600 Index (^STOXX) closed roughly flat, with energy stocks outperforming on the back of gaining oil prices. Meanwhile, Julius Baer (Swiss Exchange: BAER-CH) shares closed more than 8 percent higher after the Swiss private bank posted a profit rise Read More
European equities closed lower on Friday, with investors reacting to earnings and euro zone inflation and unemployment reports. The pan-European Euro Stoxx 600 Index (^STOXX) ended around 0.5 percent lower, having started the day in positive territory. Stocks pared gains after official statistics showed the euro zone slid further into deflation in January . Prices Read More
By Blaise Robinson PARIS (Reuters) – European stocks dipped on Friday but remained on track to post their best monthly performance in over three years, lifted by hopes the European Central Bank’s quantitative easing programme will revive the region’s economic growth and corporate earnings. The FTSEurofirst 300 (.FTEU3) index of top European shares was set Read More
By Atul Prakash LONDON (Reuters) – The pan-European FTSEurofirst 300 index <.FTEU3> edged higher on Friday and headed for its best monthly performance in three years, with positive German retail sales data improving sentiment and helping the benchmark DAX index <.GDAXI>. The FTSEurofirst 300 was up 0.1 percent at 1,473.99 points by 0850 GMT. The Read More