European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that interest rates could stay higher for longer, while shares of Siemens Energy plunged as it withdrew its annual profit outlook.
The index has lost 2.7% for the week so far, heading for its worst weekly performance in over three months, as investors digested more interest rate hikes from major central banks including the.
The index has lost 2.7% for the week so far, heading for its worst weekly performance in over three months, as investors digested more interest rate hikes from major central banks including theIndonesia Berita Terbaru, Indonesia Berita utama
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European shares set for worst week in three months, Siemens Energy plunges By Reuters⚠️BREAKING: *EUROPEAN SHARES SET FOR WORST WEEK IN THREE MONTHS AMID MOUNTING GLOBAL GROWTH FEARS 🇪🇺🇩🇪🇫🇷🇮🇹🇪🇸🇳🇱🇬🇧
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Siemens Energy scraps profit outlook as wind turbine troubles deepenSiemens Energy, which supplies equipment and services to the power sector, scrapped its 2023 profit outlook after a review of its wind turbine unit exposed deeper than expected problems that could cost more than 1 billion euros ($1.1 billion).
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Siemens Energy warns impact of turbine troubles to last yearsSiemens Energy warned on Friday that the impact of quality problems at its Siemens Gamesa wind turbine unit would be felt for years, sending its shares tumbling 37% at market open.
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Siemens Energy scraps profit outlook as wind turbine troubles deepenSiemens Energy scrapped its 2023 profit outlook after a review of its wind turbine unit exposed deeper than expected problems.
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Siemens Energy's wind turbine troubles to last years, shares tumbleSiemens Energy saw 5.8 billion euros ($6.3 billion) wiped off its market capitalisation on Friday after warning that the impact of quality problems at its Siemens Gamesa wind turbine business would be felt for years.
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Europe stocks set to open lower to round off gloomy weekEuropean markets were set to open lower Friday after four sessions of losses.
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