Spanish premium beauty house Puig is ready to confront skeptics and make a statement in the cosmetics world. “We have gone public and have made a number of promises, since there’s guidance, so I have to deliver now,” CEO Marc Puig said.
Shares of BYD jumped on investors’ optimism that the world’s largest electric-vehicle maker would maintain its competitive edge despite planned additional tariffs from the European Union.
Stellantis forecast a lower operating income margin of 10%-11%, but said it expected an improvement in the second half on new model launches, cost-cuts and more working capital.
Eurozone government bond yields rose in early European trading, partly reversing the previous day’s losses which were caused by lower-than-expected U.S. CPI data, prompting markets to step up their expectations of two Fed rate cuts this year.
The EU plans to impose tariffs on imported Chinese electric vehicles, marking an early victory for officials who view the imports as a threat to the region’s car sector despite deep divisions in Europe over the issue.
