This post was originally published on this site
Shares of Siemens Energy AG experienced an uptick after Joe Kaeser, its supervisory board chairman, debunked allegations of the turbine maker requiring a government bailout. Shares of Ascential PLC also saw an increase following its proposition to sell Digital Commerce to Omnicom Group (NYSE:OMC) and WGSN to Apax Funds.
Despite announcing a $3 billion share buyback plan, shares of HSBC Holdings Plc (LON:HSBA) remained relatively unchanged. There is growing concern about high rates and geopolitical issues potentially pulling down equities, fueled by disappointing regional earnings updates and downward earnings revision.
Investors will be closely monitoring central bank decisions from the Federal Reserve, Bank of Japan, and Bank of England this week, as they push forward recession estimates. Last week, ECB President Christine Lagarde confirmed that despite an unprecedented campaign to raise borrowing costs, the euro area would continue to face pressure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
