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European stocks were mixed on Friday as weak earnings from the likes of Sanofi, Remy Cointreau and NatWest offset robust U.S. economic data released overnight. Energy stocks outperformed as oil prices surged on concerns over a widening of the Israel-Hamas conflict.
Shares of Sanofi — a drug company with operations in Monroe County — fell Friday after the company projected a "low-single digits" drop in 2024 earnings per share.
Paris-based Sanofi is the parent company of vaccine maker Sanofi Pasteur in Pocono Township, Monroe County.
Also, Fisker is already cutting Ocean EV prices, and Mercedes-Benz says a "brutal" EV market is going to squeeze margins.
European market closed higher on Tuesday, rebounding from recent losses, as investors looked to pick up stocks at reduced prices, despite none too encouraging economic data from the region and geopolitical tensions.