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
Europe: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling