Daimler Truck falls 4.7% in pre market on key forecast cut
Daimler Truck has cut key forecasts, citing market weakness in North America.
The German firm now expects full year adjusted profit of between 3.6 and 4.1 billion euros ($4.7 billion), reflecting a drop of as much as 23 percent.
The group also lowered is sales volume outlook for the North American market.
The stock is down 4.7% in pre market.
— Ganesh Rao
European stocks set to open lower amid Trump’s tariff rejig
Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Friday.
Futures data points to losses at the open for European indexes, with London’s FTSE 100 expected to open 0.2% lower, France’s CAC 40 unchanged, Germany’s DAX down 0.6%, and Italy’s FTSE MIB 0.1% lower.
The Stoxx Europe 600 index and Euro Stoxx 50 index are expected to open 0.3% and 0.5% lower, respectively.
AXA, Daimler Truck, Melrose Industries, Saint-Gobain, Euronext, IAG, Pearson and Engie are among the heavyweight regional companies reporting their results today.
— Ganesh Rao
