European logistics stocks gain in upbeat market

NTG Nordic Transport AS

14/10/2022 10:06

** European logistics stocks rise in an upbeat market
following the U.S. stock rally on Thursday
    ** Denmark's Maersk  MAERSKb.CO  and DSV  DSV.CO  gain 3.5%
and 2.8%, respectively, while Germany's Hapag Lloyd  HLAG.DE  is
up 3.4% and Swiss Kuehne und Nagel  KNIN.S  rises 2.6%
    ** Maersk is the top performer on the Stoxx 600's industrial
goods and services sub-index  .SXNP  that rises 0.2%; the
pan-European Stoxx 600  .STOXX  is up 0.7%
    ** "The fact that transport stocks have then taken the lead
may perhaps be linked to the fact that the percentage fall in
freight rates is slowing down a bit from previous weeks,"
Sydbank analyst Mikkel Emil Jensen says 
    ** Nordnet analyst Per Hansen notes Maersk and DSV are among
the stocks that have felt the downturn and the risk of recession
 (Reporting by Louise Breusch Rasmussen)
 ((Louisebreusch.rasmussen@thomsonreuters.com))