Peace in Ukraine is typically viewed as a positive development by most investors for European equities.<\/p>\n
\u2014 Ganesh Rao<\/p>\n
Fri, Aug 15 20258:51 AM EDT<\/p>\n
Cable-maker NKT shares jump 6% on raised outlook amid wind energy boom<\/p>\n
Tomasz Wyszoamirski | Getty Images<\/p>\n
Shares of cable maker NKT rose by more than 6% \u2014 the most among Stoxx Europe 600 index<\/a> stocks \u2014 after the company raised its outlook amid growth in the renewable energy sector.<\/p>\n The Danish company, which makes and installs the cables to connect offshore wind turbines, lifted its revenue expectations for the full year by about to a range between 2.65 billion euros ($.3.1 billion) and 2.75 billion euros, from a 2.37-billion-euro to 2.52 billion-euro forecast, prior.<\/p>\n Earlier this year, the company had said its order backlog for high-voltage cables stood at more than 10 billion euros.<\/p>\n The stock is up 12% so far this year.<\/p>\n \u2014 Ganesh Rao<\/p>\n Fri, Aug 15 20258:17 AM EDT<\/p>\n Industrial giants begin sourcing rare earth magnets from U.S. supplier<\/p>\n Switzerland-headquartered industrial giant ABB<\/a> has signed a multi-year agreement with U.S.-based Noveon Magnetics for the supply of rare earth magnets.<\/p>\n Under the multi-million-dollar deal, Noveon will begin supplying sintered rare earth magnets in August for use in ABB’s industrial motor applications in North America.<\/p>\n “Capacity for the deal is secured, underscoring ABB’s confidence in Noveon’s long-term capabilities and product quality,” said the Zurich-based company on Thursday.<\/p>\n Earlier this month, Noveon also signed an agreement with automaker General Motors<\/a> to supply magnets for use in trucks and full-size SUVs.<\/p>\n The company says it is the only manufacturer of rare earth magnets in the U.S.<\/p>\n Rare earths have become central to trade negotiations between the U.S. and China.<\/p>\n \u2014 Ganesh Rao<\/p>\n Fri, Aug 15 20254:13 AM EDT<\/p>\n Carlsberg CEO notes changing beer habits amid cost pressures<\/p>\n Green bottles of Carlsberg beer move along the production line at the Baltika Breweries LLC plant, operated by Carlsberg A\/S, in Saint Petersburg, Russia.<\/p>\n Bloomberg | Bloomberg | Getty Images<\/p>\n Spending pressures are dividing beer drinking habits, further clouding the outlook for brewers already battling declining sales volumes.<\/p>\n Drinkers are increasingly bypassing once-loved core beer brands and instead opting for premium or economy alternatives, Danish brewer\u00a0Carlsberg<\/a>\u00a0said Thursday, as beermakers confront wider pressures on the drinks sector.<\/p>\n “We do see a continued bifurcation in terms of preferences,” CEO Aarup-Andersen told CNBC’s “Squawk Box Europe<\/a>” on Thursday.<\/p>\n Read more from CNBC’s Karen Gilchrist here.<\/a> <\/p>\n Fri, Aug 15 20253:21 AM EDT<\/p>\n Pandora shares plunge 12.7% after firm flags tariffs, currency hitStock Chart IconStock chart icon Pandora share price<\/p>\n Pandora<\/a> shares dropped 12.7% by 8:45 a.m. in London (3:45 a.m. ET), after the company published its second-quarter earnings release.<\/p>\n The Danish jewelry giant said on Friday morning that it faced “headwind from foreign exchange, tariffs and commodity prices” in the second quarter, which would continue to weigh on its bottom line.<\/p>\n Pandora’s jewelry is manufactured at two factories in Thailand, which has been hit with 19% “reciprocal” tariffs<\/a> by the U.S. \u2014 Pandora’s biggest market. <\/p>\n The firm said it expected to take a direct financial hit from U.S. tariffs this year of 200 million Danish kroner ($31.3 million), and a 450 million kroner annualized hit in 2026. <\/p>\n “Pandora will consider further price increases, cost measures as well as other mitigation to cover the impact,” the company said in its release. “Timing and extent of the measures is to be confirmed.”<\/p>\n \u2014 Chloe Taylor<\/p>\n Fri, Aug 15 20253:20 AM EDT<\/p>\n European stocks open higher<\/p>\n We’re coming up to 20 minutes of trading, and European bourses are broadly higher.<\/p>\n The pan-European Stoxx 600<\/a> was last seen up 0.3%, with all major bourses in positive territory.<\/p>\n Fri, Aug 15 20253:19 AM EDT<\/p>\n Alaska, earnings and data<\/p>\n Aside from the Trump-Putin summit in Alaska on Friday, investors will be monitoring earnings and economic data.<\/p>\n Results have come from Pandora<\/a> and Finnish utility firms Fortum<\/a>.<\/p>\n Pandora’s quarterly sales came in slightly below expectations, while Fortum’s second-quarter comparable operating profit fell to 115 million euros ($134 million) from 233 million euros a year earlier, missing forecasts.<\/p>\n Later on Friday, market participants can expect U.S. retail sales data, as well as figures on U.S. import and export prices, along with the latest Michigan Consumer Sentiment print.<\/p>\n \u2014 Chloe Taylor<\/p>\n Fri, Aug 15 20252:36 AM EDT<\/p>\n Here are your opening calls<\/p>\n After three consecutive days of gains, the pan-European Stoxx 50 looks set to rise again today, with futures tied to the index last seen trading 0.6% higher.<\/p>\n Those tied to the German DAX, France’s CAC 40 and London’s FTSE 100 are also all up by around 0.6%.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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