European stocks are high
Europe's Stoxx 600 The index was closed in Green for its second session on Tuesday and has been doing widely positive runs so far in February.
Germany's Dachshund And France's CAC40 Due to the UK delay, it was 0.56% and 0.28% higher, respectively FTSE 100an increase of 0.11%.
Stoxx 600 index.
Analysts flag oil market uncertainty
Oil News, Managing Editor Herman Wang, S&P Global Commodity Insights, discusses BP revenue.
Major US indexes open in Red on Tuesday
The EU threatens “proportional measures” against Trump's tariffs
The European Union plans to retaliate against the US over new steel and aluminum tariffs, adding another factor to the growing tensions in global trade.
“Unreasonable EU tariffs will not be unanswered. They will cause solid and proportionate measures,” said Ursula von der Reyen of the European Commission. statement Late Monday.
The statement comes after President Donald Trump signed an executive order to impose a 25% tariff on steel and aluminum. American Steelmakers shares were repeated sharply on Monday following the order.
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– Jesse Pound
UnicRedit CEO has not ruled out increasing Banco BPM offers
Andrea Orsel, CEO UniqueReditdiscusses the company's fourth quarter results, bank investments in Commerzbank, and interest rates.
Nosesive will be held in the Entain shares after CEO resigns
Gambling giant stock Entain It fell 11% after the company said CEO Gavin Isaac had resigned.
The global gaming company said its executive chairman, Stella David, will be heading the company on a temporary basis until a permanent replacement is found.
Etain stocks have fallen by about 50% since the 2021 high.
BP reports a sharp decline in profits for the fourth quarter
On Tuesday, British Oil Major BP recorded a sharp decline in earnings over a weaker refinement margin, and announced its pledge to repurpose $1.75 billion in stock repurchase and reset its “fundamentally” strategy .
The energy company posted the underlying replacement cost profit (RC profit) used as a proxy for net profit in the fourth quarter for $116.9 billion, but at $2.99 billion for the same period last year, Anna The list forecast is $1.2 billion. In LSEG opinion polls.
The company said 48% of RC profits per quarterly have “weaker realization margins, turnaround activity, seasonal customer volume and fuel margins, and higher impacts from other companies and businesses' underlying charging. We believe this is due to a high impact.
BP's shares rose 0.2% during London time at 10:37am.
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– ruxandra iordache
Kering will make forecasts for the fourth quarter
On Saturday, October 12th, 2024, the Gucci store operated by Kering SA in the San Litung region of Beijing, China.
Bloomberg | Bloomberg | Getty Images
French luxury commodity company Kering reported Tuesday that it expects low quarter sales in four quarters compared to the previous year amid lagging demand for its main Gucci labels.
High-end fashion groups, which also include brands such as Bottega Veneta, Balenciaga and Alexander McQueen, have earned 43.9 billion euros (4.5 billion euros) in the fourth quarter, slightly ahead of the forecast of 4.29 billion euros by LSEG analysts ($20 million) fell 12%. .
Full year sales were immersed between 12% and 171.9 billion euros, against the expected 170.9 billion euros.
Kering's shares won 6% in the opening game on Tuesday, then cut profits to surge 0.5% by 10:15am.
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– Karen Gilchrist
European stocks are getting higher as global markets shrug from Trump's latest tariffs
The European market opened on positive territory on Tuesday, messing up the latest tariffs introduced by US President Donald Trump.
Pan-European Stoxx 600 index and German DAX were almost flat, but the UK FTSE 100 An increase of 0.22%. France's CAC It also rose 0.35%.
– Ganesh Rao
UnicRedit sets a profit target of around 10 billion euros by 2027
UniqueRedit He said the aim is to increase net profit to around 10 billion euros by 2027 due to its “ambition” to distribute to shareholders more than 2027.
Italy's second-largest lender posted fourth quarter net profits that exceeded expectations amid focusing on the market's M&A overtures.
According to LSEG-compliant consensus, net income attributable to the group was 196.9 billion euros ($2.03 billion) in the fourth quarter, compared to analyst forecasts of 18.03 billion euros ( ($2.03 billion).
The company also said it aims to earn profits on tangible stocks of more than 17% over the next three fiscal years, starting from the current 16.6%, making it one of Europe's most efficiently operated major banks. It's there.
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– Ganesh Rao
Novartis strengthens cardiovascular medicine pipeline with a $925 million deal to buy Anthos Therapeutics
Novartis To strengthen its late-stage cardiovascular treatment pipeline, Boston-based Anthos Therapeutics is expected to purchase for $925 million.
The Swiss drug giant said that if “specified regulations and sales milestones” are met by Antos, additional payments of up to $2.15 billion could be made.
Founded in 2019, Anthos Therapeutics has developed Abelacimab, a drug for stroke prevention and systemic embolism in some patients, ranging from clinical stages to ongoing phase 3 clinical trials.
Novartis expects the deal to close in the first half of this year.
– Ganesh Rao
European Market: Opening Calls are as follows
The European market is scheduled to open in the mixed territory on Tuesday.
UK FTSE 100 The index is expected to open 8,770, Germany's 8 points lower Dachshund France's 21,903 down 29 points CAC 7,999 and 12 points for Italy ftse mib According to IG data, it's 41 points higher at 37,378.
The revenue is from Kering, BP, dunelm,TUI Group, AMS-OSRAM and UniqueRedit. At the forefront of data, France's unemployment rate has expired.
– Holly Eliatt
