Beiersdorf had prepared the market for a difficult year, but the market reaction may have been somewhat exaggerated.

After a strong start to the year, Airbus shares have recently begun to fall – they are now down by just over 7 per cent since the start of the year.

In the Dow Jones Industrial Average, Caterpillar of all companies is causing a sensation with a rise in value of over 120% – fuelled by the AI boom and the expansion of energy-intensive data centres.