CEO Peter Wennink said that although economic uncertainty and growing semiconductor inventories were clouding the outlook, customers see conditions improving towards the end of the year and China’s economy recovering after COVID-19 curbs were ended.
“That means that the demand is still higher than what we can make,” he said. Shares in ASML were lower after the results, having rallied recently to hit their highest since last April.
Shares in budget airline easyJet shot up more than 10% to their highest since June after it said it expected to beat market expectations this year based on the strength of bookings into summer.
Rivals Ryanair, Wizz Air and BA-owner IAG got a lift too, as investors cheered the latest evidence that people will not sacrifice their holidays even as double-digit inflation leaves them with less money to spend.
Helped by strong orders in Europe, French train maker Alstom posted an 8% rise in third-quarter sales. Its shares…
Read More