Despite the most recent statistics indicating an unexpected decline in German industrial orders last November, European stocks were trading higher late Wednesday morning.
With most sectors in positive territory and financial services companies up over 1%, the pan-European Stoxx 600 index was up 0.5%.
Later in the morning, the car industry recovered from previous losses, which were fuelled by German industrial orders that surprisingly disappointed to the downside, to trade 0.3% higher.
After the British energy giant lowered its forecast for LNG output in the fourth quarter of 2024 and cautioned that trading results for its chemicals and oil products division were likely to be “significantly lower” than the third quarter, Shell’s shares fell 1.6%.
Source (CNBC)
