"European equities opened in the red on Wednesday, extending recent losses as investors grew increasingly cautious following renewed concerns about valuation levels in tech and AI-related companies. The cautious tone across global markets weighed on European equities. Germany's DAX slipped for a second consecutive session. Siemens Healthineers dropped significantly after the company reported fourth-quarter revenue slightly below expectations and a disappointing 2026 forecast, citing the impact of US import tariffs."
"Conversely, BMW gained after reporting a higher operating margin in Q3, supported by reduced R&D spending and optimism around its new all-electric vehicle line, despite mounting competition in China. Looking ahead, investor attention will turn to corporate earnings from names such as Rheinmetall, Deutsche Post, and Commerzbank, which could help set the tone for broader market sentiment in the coming sessions. Meanwhile, US private sector employment data due later in the day may influence global risk appetite."
European equities opened lower, extending recent losses as investors grew cautious over valuation levels in tech and AI-related companies. The cautious global tone weighed on markets and Germany's DAX slipped for a second consecutive session. Siemens Healthineers fell sharply after reporting fourth-quarter revenue slightly below expectations and issuing a disappointing 2026 forecast, citing US import tariffs. BMW rose after reporting a higher Q3 operating margin, helped by reduced R&D spending and optimism about its new all-electric vehicle line despite mounting competition in China. Upcoming corporate earnings from Rheinmetall, Deutsche Post and Commerzbank and US private sector employment data may influence market sentiment.
Read at London Business News | Londonlovesbusiness.com
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