Stock Movers Repsol Jumps, Maersk Down, Adidas Falls
Mar 4, 2026
Chloe Millay, a Bloomberg reporter covering European equities and corporate news, breaks down major market movers. She walks through Repsol’s sharp gains tied to oil-market shifts. She covers Maersk’s emergency freight surcharge and what it means for shipping rates. She also explains Adidas’s profit forecast miss and the stock’s slide.
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Repsol Rally Reversed By US Escort Plan
- Oil majors initially rallied on Middle East tensions as markets feared supply disruption.
- Repsol pulled back after Donald Trump's tanker escort plan eased those fears, creating uncertainty over execution and costs.
Maersk Benefit Threatened By Reduced Disruption Risk
- Shipping stocks jumped on the prospect of higher container rates from Middle East route closures.
- Maersk weakened when escort proposals reduced disruption risk, though it still applied emergency surcharges to Gulf routes.
Adidas Profit Forecast Misses Amid Tariff Hit
- Adidas shares fell after its 2026 operating profit forecast missed analyst estimates despite expecting higher profits this year.
- Management cited about €400m of negative impact from US tariffs and unfavorable currency moves, limiting market confidence.