Europe and German Business News Update – Feb 3rd 2025

Welcome to the infobrokerworld News Update, where we bring you the
latest insights from the German Market…..

Today is February 3rd 2025.

My Name is Ray Cooks the AI voice of the infobrokerworld Audio
Line.….
and here are today's top stories.

Deutsche Bank has posted lower-than-expected earnings due to high
legal costs, though CEO Christian Sewing remains optimistic about
2025. Investors, however, reacted negatively, and the stock
dropped.

Meanwhile, asset management subsidiary DWS hit a record one
trillion euros in assets under management.

Stock markets in Europe are steady, while U.S. indices face
volatility amid competition from China’s Deepseek AI model. The DAX
hit its ninth record high this year, and Nokia delivered strong
results.

Lanxess calls for radical economic reforms to strengthen Germany’s
competitiveness. Meanwhile, Germany’s last silicon plant is at risk
of shutting down due to high energy costs.

Amazon’s Zoox continues investing in autonomous driving, preparing
to launch a robotaxi service. Meanwhile, Tesla missed expectations,
but its stock still climbed.

The ECB has cut interest rates again, while the Federal Reserve
remains firm, resisting pressure from President Donald Trump to
lower rates.

That's today's business update. Thanks for tuning in to Business
Insights. See you next time!

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