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Pandora said sales at its U.S. stores fell 3% in the third quarter but sales were still up 56% from the pre-pandemic third quarter in 2019.

08 Nov, 2022

Europe Movers: Associated British Foods, Carrefour, Deutsche Post, LVMH, Munich Re, Renault, Schaeffler

Bridgette Randall
08 Nov, 2022
Frankfurt

Associated British Foods rose 2.8% to 1,468.74 pence after the Primark owner said annual profit increased 45% to

European Markets React to Domestic Earnings

Bridgette Randall
08 Nov, 2022
Frankfurt

Stocks lacked direction in European trading after energy prices inched lower and currencies were under pressure.

Eurozone retail sales rose 0.4% on a monthly basis in September, according to the latest data from Eurostat.

The DAX index increased 0.6% to 13,612.68, the CAC-40 index traded higher 0.01% to 6,417.46 and the FTSE 100 index edged down 0.04% to 7,297.68.

The euro traded up to $1.001 but the British pound declined 0.3% to $1.147.

The yield on 10-year German Bunds declined to 2.29%, French bonds edged down to 2.80%, British bonds dropped to 3.58% and Italian bonds fell to 4.39%.

Brent crude oil declined 37 cents to $97.31 a barrel and TTF natural gas rose 5% to 116.32 euros a MWh.

Europe Movers

Associated British Foods rose 2.8% to 1,468.74 pence after the Primark owner said annual profit increased 45% to

Deutsche Post said third quarter revenue rose 20% to

08 Nov, 2022

Associated British Foods, the Primark owner, said annual profit increased 45% to

08 Nov, 2022

Lyft September quarter sales rose 22% to $1.05 billion and loss quadrupled to $422 million and active riders rose at the slowest pace in 7 quarters.

08 Nov, 2022

Renault and Google announced a partnership to deliver more cloud computing capabilities in vehicles.

08 Nov, 2022

Munich Re gained after the reinsurance company reiterated its annual outlook.

08 Nov, 2022

Schaeffler AG said it plans to cut 1,300 global jobs and trim overcapacity and cut costs reflecting weak economic conditions.

08 Nov, 2022

Carrefour declined 1% after the French hypermarket operator plans to expand its e-commerce, cut expenses and open more discount stores.

08 Nov, 2022

Danish costume jewelry retailer Pandora soared 8% after sales increased 10% to DKK 5.2 billion and the company reiterated its annual outlook.

08 Nov, 2022

Market Update

Pandora said sales at its U.S. stores fell 3% in the third quarter but sales were still up 56% from the pre-pandemic third quarter in 2019.

Europe Movers: Associated British Foods, Carrefour, Deutsche Post, LVMH, Munich Re, Renault, Schaeffler

European Markets React to Domestic Earnings

Europe Movers

Deutsche Post said third quarter revenue rose 20% to

Associated British Foods, the Primark owner, said annual profit increased 45% to

Lyft September quarter sales rose 22% to $1.05 billion and loss quadrupled to $422 million and active riders rose at the slowest pace in 7 quarters.

Renault and Google announced a partnership to deliver more cloud computing capabilities in vehicles.

Munich Re gained after the reinsurance company reiterated its annual outlook.

Schaeffler AG said it plans to cut 1,300 global jobs and trim overcapacity and cut costs reflecting weak economic conditions.

Carrefour declined 1% after the French hypermarket operator plans to expand its e-commerce, cut expenses and open more discount stores.

Danish costume jewelry retailer Pandora soared 8% after sales increased 10% to DKK 5.2 billion and the company reiterated its annual outlook.

Luxury goods makers LVMH and Hermes declined after China reported rising coronavirus cases in Guangzhou, China.

French trade deficit in September soared to

German industrial production rose 0.6% in September from the revised 1.2% decline in August, Destatis reported.

Eurozone retail sales in September increased 0.4% from August after struggling in previous three months.