European markets opened higher on Thursday as investors eyed further earnings releases and awaited the latest monetary policy decision from the European Central Bank.
The regional Stoxx 600 index
rose 0.26% shortly after the market opened. Air France-KLM shares rose more than 16% after the airline group beat market expectations for full-year and fourth-quarter operating profits. Germany's Lufthansa rose 7% on its own annual results, which showed a decline in annual profit but also slightly above consensus.
DHL Group, listed as Deutsche Post, jumped 9% after announcing a 1 billion euro cost-cutting plan that will result in 8,000 job cuts and an increased share buyback program.
Regional markets will be watching policymakers' comments on the region's economic and inflation outlook in light of potential trade tariffs imposed on the EU by the Trump administration.
Meanwhile, European leaders are meeting in Brussels for a special defense summit as the region seeks to maintain its support for Ukraine, find common ground on how to end the war and how to retain U.S. support.
Expectations of higher defense spending across Europe have boosted the Stoxx Aerospace and Defense index by 34.4% this year. (Newsmaker23)
Source: CNBC
Tested EN...
Asian stock markets weakened for the second consecutive day, indicating that the initial rally that had been "speedy" at the start of the year is starting to lose steam. At the same time, US governmen...
US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% fr...
European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little chang...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in Japanese stocks amid escalating tensions with China. Th...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...