© Reuters. The German share cost index DAX chart is imagined at the stock market in Frankfurt, Germany, February 6, 2024. REUTERS/Staff
( Reuters) – European shares were flat at open on Wednesday as the gains in business with positive profits reports were balanced out by a slide in Deutsche Post (OTC:-RRB-.
The pan-European index was the same at 486.57 points since 0826 GMT.
TeamViewer’s shares leapt 10.9% to the top of the benchmark index after the German software application designer reported higher-than-expected fourth-quarter profits and profits.
Energy business were at the leading edge of an earnings-heavy session, with shares of Vestas increasing 6.3% after the Danish wind turbine maker beat fourth-quarter operating profits projections.
On the other side, Equinor shed 3.7% after the Norwegian oil and gas manufacturer published higher-than-expected operating revenue for the quarter, however stated it would cut its total payments to investors in 2024.
The oil and gas sector, nevertheless, got 0.2%.
Weighing on the index, Deutsche Post lost 4% after Germany’s state-owned KfW bank offered 50 million shares in the group for 2.17 billion euros.
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