Porsche Gains, Glencore Rallies, Sydbank Jumps
On this episode of Stock Movers:
- Porsche shares rise as much as 4.4% to their highest intraday level since May. The German carmaker posted third quarter results on Friday evening and CFO Jochen Breckner said he expected 2025 to be the trough. Analysts said the release was consistent with the September profit warning.
_ Copper miners Glencore, Antofagasta and Anglo American are all rallying, with gains of more than 1.5%, as the price of the base metal nears a record high on China-US trade optimism.
- Sydbank A/S and Vestjysk Bank are planning to combine into one bank in a bid to boost size. Shares in Sydbank jumped as much as 7.4% in early trading, giving the firm a market value of about 29 billion Danish kroner ($4.5 billion).
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