Current Dax: Dax is clearly up before ECB interest rate decision - Vonovia shares plummet
On Thursday, a large number of German and European companies are releasing their figures. Investors are likely to be particularly eager to hear Christine Lagarde's speech.
European stock markets are seeing gains, with the Dax up 1% to 25,971 points. Several major companies, including Volkswagen, Adidas, Henkel, and MTU, reported quarterly results, with mixed reactions from investors. Volkswagen posted a billion-euro loss due to special effects, but its shares rose 2%, while Adidas and Henkel saw their shares rise 2.3% and 2.6%, respectively, after positive outlooks.
Meanwhile, ING shares fell up to 4% after the bank missed analyst expectations and announced 400 job cuts. The market is also reacting to the quarterly results of US tech giants Alphabet and Microsoft, announced the previous day.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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