Beiersdorf Third-Quarter Sales Slightly Miss Expectations
Beiersdorf sales were slightly below expectations in the third quarter, while weakness at Nivea persisted.
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DAX Edges Down
Frankfurt's DAX 40 traded slightly lower around 25,360 on Tuesday, after a positive start to the week, as investors weighed more corporate earnings while bracing for upcoming policy decisions from the Fed and ECB. Meanwhile, geopolitical uncertainty persisted. Consumer goods stocks weighed heavily on the index, led by
Beiersdorf Q3 Sales Growth Slightly Misses Expectations as Nivea Weighs
Beiersdorf said organic sales fell 1.3% in July-September, slightly below Vara consensus, as temporary weakness in retailer sales weighed on Nivea.