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12 Mins Ago

Danish Energy Agency: Renewables the answer to Europe’s energy sovereignty

Kristoffer Böttzauw, director general at the Danish Energy Agency, speaks to CNBC’s Annette Weisbach at the Berlin Energy Transition Dialogue Conference.

An Hour Ago

Stocks on the move: OCI up 13%, Maersk down 25%

Chemicals firm OCI topped the Stoxx 600 index in late morning trade.

The stock was up 13% after the company said Tuesday it would review the recommendations made in a letter from shareholder Inclusive Capital Partners, which said it was trading at a significant discount to its intrinsic value.

Shipping giant Moeller-Maersk, meanwhile, plunged 25% on its ex-dividend day. The firm on Tuesday announced at its annual general meeting it would pay an extraordinary dividend of 2,300 Danish krone ($335 dollars) in addition to a regular dividend of DKK 2,000.00 per share.

See Chart…

Maersk share price.

2 Hours Ago

Sergio Ermotti returns as UBS CEO to oversee Credit Suisse takeover

CNBC’s Joumanna Bercetche and Geoff Cutmore discuss the news that Sergio Ermotti will replace current UBS CEO Ralph Hamers.

3 Hours Ago

Ermotti UBS CEO appointment will calm nerves and build trust in Swiss banks: analyst

Beat Wittmann, partner at Porta Advisors, discusses UBS’ appointment of Sergio Ermotti as CEO.

4 Hours Ago

Europe stocks open higher

European stock markets were upbeat in early Wednesday trade, with the pan-regional Stoxx 600 index up 0.5% at 8:20 a.m. London time.

France’s CAC 40 was up by 0.65%, Germany’s DAX by 0.42% and the U.K.’s FTSE 100 by 0.26%.

Banks extended the previous session’s gains, climbing 0.5%.

See Chart…

Stoxx 600 index.

5 Hours Ago

Sergio Ermotti to take over as UBS CEO

UBS on Wednesday named Sergio Ermotti as its new Group CEO, following the recent acquisition deal of Credit Suisse.

The move will be effective April 5.

Current CEO Ralph Hamers is set to remain at UBS and work alongside Sergio P. Ermotti to advise the bank during a transition period.

Read the full story here.

— Joanna Tan, Jihye Lee

7 Hours Ago

CNBC Pro: Here’s where to invest $10,000 right now, according to the pros

Markets have been hit by volatility over the past month leading some retail investors to question where to park their money.

If you had $10,000 to invest, where should you put it amid the uncertainty, and how much should you allocate to each asset class? CNBC Pro speaks to portfolio managers and investors to find out.

CNBC Pro subscribers can read more here.

— Weizhen Tan

11 Hours Ago

CNBC Pro: As volatility persists, this is what investors can expect in the second quarter — according to history

Stock markets have been on an upward trend in the first quarter of 2023, with the S&P 500 and MSCI World Index on track to post more than 4% in total gains.

This is particularly notable after a year of negative returns.

Here, CNBC Pro subscribers can read how markets have performed in similar conditions historically.

— Ganesh Rao

7 Hours Ago

European markets: Here are the opening calls

European markets are heading for a broadly higher open Wednesday.

The U.K.’s FTSE 100 index is expected to open 2 points lower at 7,485, Germany’s DAX 35 points higher at 15,175, France’s CAC up 15 points at 7,103 and Italy’s FTSE MIB 57 points higher at 25,915, according to data from IG.

Earnings are set to come from Next and data releases will include Italian and Russian unemployment figures for February.

— Holly Ellyatt

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