Europe: Shares steady after mixed earnings
[PARIS] European shares were steady in early trading on Thursday, taking a breather from their sharp two-month rally, with Allianz falling after its dividend rise disappointed.
Shares in Europe's largest insurer fell 3.8 per cent, the biggest losers among blue-chips, as it raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and results in asset management stalled following client defections at its US unit Pimco.
At 0809 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 per cent at 1,543.44 points.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
Singapore stocks track Wall Street gains on Tuesday; STI up 1.5%
UBS lifts Chinese stocks to overweight in rare upgrade call
Asia: Most markets rise with earnings, US data in view
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN