©Reuters. The DAX chart of the German stock index is pictured at the stock exchange in Frankfurt, Germany, February 6, 2024. REUTERS/staff
(Reuters) – European shares opened unchanged on Wednesday, as gains from companies with strong earnings results were offset by declines in Deutsche Post (OTC:).
The pan-European index was unchanged at 486.57 points at 0826 GMT.
TeamViewer shares jumped 10.9% to the top of the benchmark index after the German software developer reported better-than-expected fourth-quarter revenue and earnings.
Energy companies were at the forefront of a profit-filled session, with Vestas shares rising 6.3% after the Danish wind turbine maker beat fourth-quarter operating profit forecasts.
On the other hand, Equinor fell 3.7% after the Norwegian oil and gas producer reported a better-than-expected operating profit for the quarter but said it will cut overall payouts to shareholders in 2024.
The oil and gas sector gained 0.2%.
In index terms, Deutsche Post lost 4% after German state bank KfW sold 50 million shares of the group for 2.17 billion euros.