European shares muted ahead of US inflation, Powell remarks; Delivery Hero spikes

Pro-Palestinian encampment at Dalhousie University - May 13, 2024 | SaltWire #news #halifax #protest - European shares were subdued on Tuesday as investors braced for key U.S. inflation data and Federal Reserve Chair Jerome Powell's remarks due later in the day, while Delivery Hero jumped on the sale of its Taiwan foodpanda business to Uber.On the day's agenda are U.S.

Delivery Hero shares soared 20% after Uber announced a $1.25 billion deal to take over its foodpanda business in Taiwan and buy new shares in the German firm. Swiss eye-care group Alcon advanced 9% after first-quarter earnings, while hearing aid maker Sonova Holding climbed 6% after forecasting accelerating growth for 2024.

Rheinmetall shed 5.5% after the German arms manufacturer missed expectations for first-quarter sales and profit. German chemicals distributor Brenntag dropped 7.8% on lowering its full-year earnings forecast after missing first-quarter operating EBITA estimates.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action.

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