Europe opens lower amid Trump’s policy moves; wind stocks pressured
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European markets prepared for a cautious start on Tuesday following Donald Trump’s inauguration, which brought a mix of policy announcements. Despite fears of immediate tariffs, Trump’s initial moves focused on maximizing U.S. oil and gas production and withdrawing from an international climate pact, adding jitters to already unsettled markets.
Market overview
European futures fell sharply overnight but pared some losses by early morning. As of 0737 GMT:
EuroSTOXX50 futures were down 0.14%
FTSE futures edged up 0.04%
S&P 500 contracts gained 0.18%, following Monday’s closure of U.S. markets.
Key developments in wind stocks
Orsted (ORSTED):
The Danish offshore wind developer is expected to face scrutiny after posting a $1.7 billion impairment charge for Q4. Delays and higher costs at its Sunrise Wind project in the U.S. contributed to the losses. Shares are down 14.06%.
RWE (RWE):
The German energy giant, involved in U.S. wind projects, saw its shares decline 2.07%, reflecting concerns over the sector’s exposure to potential policy shifts.
Siemens Energy (ENR): The company showed marginal gains of 0.32%, maintaining a cautiously optimistic outlook amid the turbulence.
Vestas Wind (VWS):
The turbine maker’s shares dropped 4.33% as the market digested the broader implications of Trump’s energy-focused policies.
Other corporate highlights
Raiffeisen Bank:
Austria’s Raiffeisen faces challenges after a Russian court imposed damages exceeding €2 billion, marking a tough day ahead for the largest Western bank operating in Russia.
Generali and BPCE:
The Italian insurer and French financial group signed a non-binding memorandum to merge their asset management operations, aiming to create Europe’s largest player by revenue.
Premier foods (PFD):
The UK-based company forecast annual profits at the higher end of analyst expectations following strong holiday sales of its branded products.
Outlook
With Trump’s energy policies and European economic uncertainty in focus, investors will be closely monitoring corporate developments and market reactions in the coming sessions. The pressure on wind stocks underscores the sensitivity of the renewable energy sector to geopolitical shifts, while broader market sentiment remains cautious amid evolving policy landscapes.
Market overview
European futures fell sharply overnight but pared some losses by early morning. As of 0737 GMT:
EuroSTOXX50 futures were down 0.14%
FTSE futures edged up 0.04%
S&P 500 contracts gained 0.18%, following Monday’s closure of U.S. markets.
Key developments in wind stocks
Orsted (ORSTED):
The Danish offshore wind developer is expected to face scrutiny after posting a $1.7 billion impairment charge for Q4. Delays and higher costs at its Sunrise Wind project in the U.S. contributed to the losses. Shares are down 14.06%.
RWE (RWE):
The German energy giant, involved in U.S. wind projects, saw its shares decline 2.07%, reflecting concerns over the sector’s exposure to potential policy shifts.
Siemens Energy (ENR): The company showed marginal gains of 0.32%, maintaining a cautiously optimistic outlook amid the turbulence.
Vestas Wind (VWS):
The turbine maker’s shares dropped 4.33% as the market digested the broader implications of Trump’s energy-focused policies.
Other corporate highlights
Raiffeisen Bank:
Austria’s Raiffeisen faces challenges after a Russian court imposed damages exceeding €2 billion, marking a tough day ahead for the largest Western bank operating in Russia.
Generali and BPCE:
The Italian insurer and French financial group signed a non-binding memorandum to merge their asset management operations, aiming to create Europe’s largest player by revenue.
Premier foods (PFD):
The UK-based company forecast annual profits at the higher end of analyst expectations following strong holiday sales of its branded products.
Outlook
With Trump’s energy policies and European economic uncertainty in focus, investors will be closely monitoring corporate developments and market reactions in the coming sessions. The pressure on wind stocks underscores the sensitivity of the renewable energy sector to geopolitical shifts, while broader market sentiment remains cautious amid evolving policy landscapes.