1031 GMT - BMW has the best natural hedge among German carmakers against U.S. tariff risk in case of a Donald Trump election win, UBS analysts say in a research note. The outcome of the U.S. election is likely influencing the market reaction to the German luxury-car maker's third quarter results, even though its weaker-than-expected earnings and negative cash flow mean investors are unlikely to like the report, UBS says. Shares in BMW fall 5.3%, while Porsche AG sheds 5.8%, Volkswagen drops 4.1% and Mercedes-Benz is down 3.8%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
November 06, 2024 05:32 ET (10:32 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments