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EWG News7 articles
Global Markets Mixed as Rate Hike Fears, Geiger Counter Buyback, and Cattle Losses Dominate
US stock futures decline as investors brace for higher interest rates. Geiger Counter Ltd buys back shares, cattle futures extend losses, and London Stock Exchange adds new AIM listings.
Volkswagen Eyes Up to 100,000 Job Cuts and €23 Billion Investment Reduction
Volkswagen (VOW3) reportedly plans up to 100,000 job cuts, four German plant closures, and a €23 billion investment reduction, reflecting severe margin pressures.
Rheinmetall Shares Plunge 13.5% Amid Fears of Lost German Frigate Contract
Rheinmetall shares plunged 13.5% after reports that Germany might scrap a €12 billion frigate contract, erasing €7.4 billion in market value and fueling investor concerns about the company's naval ambitions.
Germany's Pension Reform Plan: Retirement Age to 68 by 2051, State Fund Proposed
Germany's pension commission recommends raising the retirement age to 68 by 2051 and establishing a state-run investment fund, challenging Chancellor Merz's coalition as aging population strains public finances.
Asian Markets Brace for Key Week as Oil, Yields, and AI Dominate
Asian markets enter a crucial week with oil above $103, US yields at 4.558%, and AI optimism from Nvidia and Lenovo. China cracks down on cross-border brokers, while key data includes US PCE and Tokyo CPI.
Euronext Surges 4% on Strong Eurozone Data, Eyes German Ifo and ECB
Euronext shares closed Friday at €127.40, gaining 4% after a session of significant volatility. The rebound followed the release of stronger-than-anticipated Eurozone PMI figures.
Intertek Gains on German Solar Drone Acquisition Ahead of March Earnings
Intertek Group shares advanced 1% following its acquisition of German solar inspection specialist AePVI, which utilizes drone technology. The market now awaits the company's full-year financial report scheduled for March 3.