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Pfizer, AstraZeneca, Sanofi And Mainz Biomed To Uplevel Europe's Pharma Game
On Sunday, Pfizer (NYSE:PFE) and AstraZeneca Plc (NASDAQ:AZN) were among the pharmaceutical companies who announced they will be investing a total of nearly $1 billion in their operations in France, j
Expectations of a slight rise in the European stock market and interest rate expectations put pressure on technology stocks
The European stock market was slightly higher, supported by steady financial reports from some companies, and technology stocks were pressured by market concerns that interest rates would be higher for a longer period of time. The Stoxx 600 index closed up 0.3% in the London market, fluctuating between ups and downs throughout the trading day. The banking and utilities sector outperformed the market, and interest-sensitive tech stocks lagged behind. In terms of individual stocks, ABB Ltd. rose, and the company raised its full-year profit margin outlook. Demand for electrified products led to stronger orders than expected, offsetting the decline in Chinese business. Yoghurt producer Danone rose, and the company released first-quarter sales that exceeded analysts' expectations, due to increased demand for bottled water
The decline in the European stock market this week hit the biggest rate in three months, and interest rate prospects are still the number one concern
The European stock market fell on Friday. This week's decline was the biggest in three months. Investors studied both good and bad corporate earnings reports for the same day, and are also watching for new clues about interest rate prospects. The Stoxx 600 index closed down 0.3%, with mining and auto stocks leading the decline, while technology stocks rose. The index fell 1.6% this week, its worst performance since mid-October last year. In terms of individual stocks, Swiss automation and electrical technology supplier ABB recorded the biggest decline since October. After Temenos AG's full-year results and guidance exceeded expectations, the stock price rose. German chemical giant BASF's initial results fell short of expectations
ABB Invests in Lumin to Accelerate the Development of Accessible Home Energy Management Solutions
ABB invests in LuminPartnership will yield sustainable technologies for North American residential sector. Cary, North Carolina, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Joint development of new accessi
ABB Q2 EPS $0.48 Beats $0.44 Estimate, Sales $8.16B Beat $7.95B Estimate
ABB (NYSE:ABB) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.44 by 9.09 percent. This is a 140 percent increase over earnings of $0.20 per share from t
ABB Smart Buildings Division Recognized by Frost & Sullivan for Its Forward-thinking Intelligent Building Solutions and Exceptional Customer-centric Approach
ABB Electrification's Smart Buildings Division delivers world-class customized buildings to meet clients' unique requirements, with an innovative portfolio that adapts to modern needs. SAN ANTONIO, Ju
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