Infineon and UBS Lead European Stock Movements

European stock markets opened with mixed results. The Euro Stoxx 50 index rose by 0.21%, while Germany’s DAX index increased by 0.35%. In contrast, the UK’s FTSE 100 index fell by 0.23%, and France’s CAC 40 index edged up by 0.10%.

Among individual stocks, Infineon Technologies saw a significant boost, with its share price climbing 10% following the release of its first-quarter results. Similarly, STMicroelectronics, listed in Milan, experienced a 2.6% rise in early trading.

On the downside, Siltronic AG’s stock declined by 6.5% after the company announced a dividend cut. Meanwhile, UBS reported a strong performance, with its shares rising 3% after posting fourth-quarter net profits of $770 million, surpassing the estimated $485.7 million. UBS also reported pre-tax profits of $1.05 billion, exceeding the expected $975.3 million, and revenues of $11.64 billion, above the forecasted $11.43 billion.