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OCI Chemical substances topped the Stoxx 600 Index in late morning buying and selling.

The inventory rose 13% after the corporate He stated Tuesday, it’s going to assessment suggestions in a letter from shareholder ICP, which stated it trades at a big low cost to its intrinsic worth.

In the meantime, transport big Moeller-Maersk fell 25% on the earlier dividend day. firm on Tuesday announce At its annual common assembly, it’s going to pay a rare dividend of DKK 2,300 ($335 USD) in addition to an everyday dividend of DKK 2,000.00 per share.

Beat Wittmann, companion at Porta Advisors, is discussing UBS’ appointment of Sergio Ermotti as CEO.

European inventory markets had been upbeat in early buying and selling on Wednesday, with the regional Stoxx 600 index up 0.5% at 8:20 a.m. London time.

The French CAC 40 Index rose by 0.65%, the German DAX by 0.42%, and the British FTSE 100 by 0.26%.

Banks prolonged the earlier session’s features, rising 0.5%.

UBS on Wednesday named Sergio Ermotti because the group’s new CEO, following its current takeover of Credit score Suisse.

This transfer shall be efficient from April 5.

Present CEO Ralph Hammers is about to stay at UBS and work alongside Sergio P. Ermotti to advise the financial institution throughout a transition interval.

Learn the total story right here.

– Joanna Tan, Jihee Lee

Markets have been unstable over the previous month which has some retail buyers questioning the place to park their cash.

When you’ve got $10,000 to speculate, the place must you put it amid the uncertainty, and the way a lot must you allocate to every asset class? CNBC Professional speaks to portfolio managers and buyers to seek out out.

CNBC Professional subscribers can learn extra right here.

– Wizen tan

Fairness markets have been on an upward pattern within the first quarter of 2023, with the S&P 500 and MSCI World Index on monitor to publish greater than 4% of whole features.

That is particularly noticeable after a yr of adverse returns.

Right here, CNBC Professional subscribers can examine how markets have carried out in comparable situations traditionally.

– Ganesh Rao

European markets are heading for a broadly larger open on Wednesday.

Britain’s FTSE 100 is anticipated to open 2 factors decrease at 7485, Germany’s DAX is up 35 factors at 15,175, France’s CAC is up 15 factors at 7,103, and Italy’s FTSE MIB is up 57 factors at 25,915, in accordance with knowledge from IG.

Earnings are as a result of come from Subsequent and knowledge releases will embody Italian and Russian unemployment numbers for February.

– Holly Ellytt