The Russian enabler - Austria's Raffeisen Bank - being up 10% today has to be one of the funnier thematic outcomes expressed by the market today....
The Russian enabler - Austria's Raffeisen Bank - being up 10% today has to be one of the funnier thematic market outcomes expressed by the today....
(EU) Select European Morning Movers Upside - Rheinmetall [https://t.co/227tBahbc0] +3.5% (traders weigh Trump's victory impact on the European renewable-energy sector) - Novo Nordisk [https://t.co/w4K69HKAgj] +8.5% (earnings) - Unicredit [https://t.co/UR5UutOpLU] +1.0%…
A significant shareholder of German steel producer Salzgitter has announced intentions to pursue a takeover of the company. Following this news, Salzgitter's stock saw a substantial increase, rising by 30% amid speculation regarding the takeover. The shareholders involved in this potential acquisition are GP Gunter Papenburg and TSR Recycling, although the terms of the offer have not been disclosed. In broader market movements, Salzgitter's shares were noted as a standout performer in European trading, with the company experiencing a 25.3% increase earlier, highlighting the market's positive reaction to the takeover news.