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Search resuls for: "Sophie Kiderlin Jenni Reid"


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☆ European stocks close volatile week higher as global markets rebuild
  + stars: | 2024-08-09 | by ( Sophie Kiderlin Jenni Reid | Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
LONDON — European stocks closed higher on Friday as global equity markets looked to rebuild from the recent sell-off. Global markets have been volatile this week as they have tried to shake off Monday's rout. The initial sell-off was in part triggered by separate U.S. jobs data last week coming in weaker than expected. Both moves have led analysts to caution that markets may have outsize reactions to data releases and central bank commentary through August — typically a volatile month for stocks. Asia-Pacific markets were mostly higher on Friday.
Persons: — Organizations: City of, LONDON Locations: City, City of London, U.S, Asia, Pacific
☆ Europe stocks close with strongest gains for nine months as global rebound continues
  + stars: | 2024-08-07 | by ( Sophie Kiderlin Jenni Reid Holly Ellyatt | Sophie Kiderlin | Jenni Reid | ) www.cnbc.com   time to read: +1 min
"That, of course, requires more capacity, more ships in order to move global trade around the world, and that has created some shortages here in the second quarter and in the third quarter that we're dealing with at the moment," Clerc told CNBC's "Squawk Box Europe." Maersk on Wednesday reported lower year-on-year revenue in the second quarter and across the first half of the year. It also posted second-quarter underlying profit of $623 million, a drop compared to the $1.35 billion reported in the same period last year. Container demand has been more robust than expected but is expected to cool in the coming quarters, Clerc said. Maersk shares were 1.8% lower at 11:33 a.m. in London.
Persons: Vincent Clerc, Clerc, CNBC's Organizations: Maersk Locations: Africa, Good, Europe, U.S, Asia, London
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