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BMW Reaffirms Full-Year Targets But Warns of Chinese Market Woes

July 1, 2023
in Trade Tube
Reading Time: 1 min read
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European stocks were mixed on Tuesday as the Greek equities sell-off entered a second day following a five-week closure and amid another corporate earnings blast. Credit Agricole slumped as France’s second-largest bank announced a management reshuffle and said that talks with U.S. authorities investigating possible sanctions violations are at a “very advanced” stage, with a settlement likely by this fall. French insurer Axa rose after posting a better than expected first-half profit. German car-parts maker Continental also rose after raising its full-year earnings forecast, while carmaker BMW retreated after posting a 3% drop in second-quarter profit.

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