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Europe extends yesterday's rallies
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Investor attention focused on German inflation reading
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SMA Solar raises forecasts for 2023
Thursday's session on European markets saw rallies on most benchmarks from the Old Continent. The good mood is a direct result of a good session in Asia and a good close on Wall Street. Investors' attention today is primarily focused on inflation readings from Germany, which will be presented at 1 p.m BST. Data from the individual Lands point to fairly mixed readings across German regions. A little later, investors will learn a range of data from the US economy.
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SMA Solar (S92.DE) is raising its forecasts for 2023 following a very good start to the year. Production efficiency combined with lower costs prompted management to raise its forecasts, which pleased investors. Sales in 2023 are expected to increase to a range between €1.45 billion and €1.6 billion, which is €100 million higher than the previously forecast range. The company's shares are currently gaining more than 20%.
Siemens Energy (ENR.DE) made its first bid for so-called green bonds, raising €1.5bn ($1.63bn), which will be used to refinance existing debt of the Siemens Gamesa unit.
Qantas Airways and Airbus SE (AIR.DE) will jointly invest $2 million in a biofuel refinery under construction in the Australian state of Queensland, which will convert agricultural by-products into sustainable aviation fuel (SAF). AIR.DE shares are gaining nearly 1.5% today.
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