Maersk shares plunged 9% after third-quarter results missed consensus, with underlying Ebitda 11% below expectations driven by an ocean unit miss. Guidance upgrades, though present, were deemed weaker than peers Hapag-Lloyd and ZIM. Sydbank notes Q4 earnings seen slightly lower than Q3.
Chinese auto stocks rallied on fund flow shifts away from AI hardware, with BYD up 5.1% and Xiaomi gaining 7.1%. Macquarie adjusted Qantas forecasts lower due to an A$800 million fuel bill increase but maintains an outperform call, citing upside if the Iran conflict resolves and Sunrise program adds A$3.70/share. Canadian motor-vehicle sales rose for a fifth straight month, up 1.8%, hitting record highs despite high gas prices and trade friction.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing