Siemens expects the boom in AI for industrial software to keep fueling its business, after data centre and automation demand rose.CEO Roland Busch tells @TomMackenzieTV he sees the technology "enriching" simulation and physics-based software https://t.co/3na70uIdF9 https://t.co/Ozordlha31 ...

It's 5AM in New York City. Good morning. I'm Vonnie Quinn with your Bloomberg Brief.Let's get you set up for the day. Traders paring back rate cutbacks following that payrolls report. Jobless claims up next.Stocks recovering from another scare trade while anthropic inching closer to a deal that would value the farm at $350 billion. And midterm anxieties rise for President Trump as the House passes a bill targeting his levies on Canadian imports. So futures are pointed higher today.Now, yesterday, we had ano ...

Core Viewpoint - Siemens, Germany's largest industrial company, has raised its profit outlook, indicating positive growth prospects in its operations related to power distribution and cooling systems for data centers [1] Company Summary - Siemens specializes in building power distribution systems and cooling systems essential for modern data centers [1]

Core Insights - Revenue increased by 8% in the first quarter, indicating growth in sales performance despite external challenges [1] - Net profit experienced a decline, attributed to ongoing currency headwinds affecting profitability [1] Financial Performance - The company reported an 8% rise in revenue for the first quarter, showcasing a positive trend in top-line growth [1] - However, net profit fell, highlighting the impact of currency fluctuations on the bottom line [1]

Core Insights - The focus of sustainability efforts by European enterprises is shifting from regulatory compliance to achieving measurable financial and operational outcomes [1] - European firms are aligning their strategies with the renewable energy transition to manage energy exposure, support decarbonization, and capture new growth opportunities [1] Group 1: Sustainability Practices - Enterprises are investing in integrated environmental, social, and governance (ESG) data architectures that connect sustainability information across various functions such as finance, procurement, HR, and operations [1] - Organizations are seeking solutions for supply chain and product-level transparency to gain deeper insights into carbon emissions and workforce practices [1] - Digital sustainability solutions are being adopted as the region's energy mix shifts toward renewables and emissions decline [1] Group 2: Market Trends and Provider Insights - The digital sustainability market in Europe is maturing, with providers focusing on clear, outcome-driven use cases [1] - Enterprises are looking for providers that can deliver concrete environmental, social, and economic outcomes through transparent, data-driven models [1] - The report evaluates 70 unique providers across three quadrants, naming leaders such as Accenture, Capgemini, and IBM in multiple categories [1] Group 3: Technology and Data Integration - By integrating sustainability data with real-time decision-support tools, organizations are gaining visibility into industrial processes, which supports cost control and reduces environmental impact [1] - Providers are facilitating this shift with data-driven blueprints and operating models that clarify roles and responsibilities across various functions [1] - The deployment of GenAI is noted for producing qualitative narratives for corporate sustainability reporting [1]

LIZZY: LIVE FROM LONDON. THIS IS BLOOMBERG DAYBREAK EUROPE. TARIFF PUSHBACK.THE REPUBLICAN-LED U.S. HOUSE DEIFIES PRESIDENT TRUMP AND VOTES TO END HIS LEVIES ON CANADA AS CONCERNS OVER HIS ECONOMIC AGENDA INTENSIFY AHEAD OF THE MIDTERMS. TREASURIES SLIDE AS TRADERS TRIM BACK FOR A FED RATE CUT. EARNINGS ON THE DOCKET FROM HEAVYWEIGHTS UNILEVER, MERCEDES AND SIEMENS.WE’LL BE SPEAKING WITH THEM LATER ON THIS HOUR. GOOD MORNING. WELCOME TO THURSDAY.THIS IS THE PICTURE IN YOUR MARKETS THIS MORNING. THE DAY AFTE ...

Group 1 - European stocks are expected to open higher, with the U.K.'s FTSE index and Germany's DAX projected to rise by 0.4%, France's CAC 40 by 1.1%, and Italy's FTSE MIB by 0.5% [1] - The positive market sentiment follows a mixed closing on Wednesday as investors evaluated a series of corporate earnings reports [2] - A busy earnings day is anticipated, with major companies such as Siemens, L'Oreal, Anheuser-Busch Inbev, British American Tobacco, Mercedes-Benz Group, Adyen, and Deutsche Borse set to report [2] Group 2 - Japan's Nikkei 225 index reached 58,000 for the first time, marking a continuation of its post-election rally [3] - U.S. futures related to the Dow Jones Industrial Average showed little change after the index's three-day winning streak ended [3]

Siemens raises its outlook after demand for factory automation and electrification products boosted returns to help cushion negative currency effects https://t.co/PvOnTIELxq ...

Core Viewpoint - Siemens has raised its full-year profit outlook due to strong first-quarter results driven by increased demand for AI-driven data centre infrastructure, leading to a 6.1% rise in shares [1] Financial Performance - First-quarter industrial profit increased by 15% to €2.90 billion ($3.44 billion), surpassing analysts' expectations of €2.64 billion [1] - Net profit reached €2.22 billion, also exceeding forecasts [1] - Sales for the first quarter rose by 4% to €19.14 billion, beating the analyst forecast of €19.09 billion [1] - Orders increased by 7% during the same period [1] Business Segments - The data-centre business revenue grew by more than one-third in the quarter through December, significantly exceeding expectations [1] - The digital industries factory automation unit showed strong performance, particularly in software and automation orders [1] - AI is identified as a key growth driver, with applications in logistics, machine communication, and product design [1] Market Sentiment - Despite robust results, investment sentiment remains cautious due to ongoing geopolitical issues and tariff debates affecting spending [1]

Summary of Conference Call on Battery Energy Storage Systems (BESS) and WEG Industry Overview - **Industry**: Battery Energy Storage Systems (BESS) in Brazil - **Key Players**: Brookfield, WEG, ABB, Siemens (SIE), Schneider Electric (SU) Core Insights 1. **BESS Integration in Brazil**: Large-scale BESS is expected to be integrated into Brazil's energy grid due to issues with curtailment and reliance on renewable energy sources [1][5] 2. **Government Auction**: A BESS capacity auction of 2GW is scheduled for April, but results may vary due to pending regulations [1][5] 3. **Supplier Differentiation**: There is limited differentiation among Tier 1 BESS suppliers, with price being the primary decision factor [1][5] Financial Projections for WEG 1. **Revenue Potential**: BESS could contribute up to R$71 billion (~US$13 billion) to WEG's revenue by 2035, averaging R$6.4 billion (~US$1.2 billion) annually [2] 2. **Valuation Comparison**: WEG is trading at 21.4x EV/EBITDA for 2026 estimates, compared to peers ABB (16-20x) and Siemens (16.4x) [3] BESS Applications and Economics 1. **Application Segments**: BESS applications include large-scale for transmission and distribution, behind-the-meter, and mid-scale solutions [5] 2. **Curtailment Issues**: Selected Brookfield solar projects face curtailment rates of 40-50%, highlighting the need for BESS to enhance efficiency [5] 3. **Cost Trends**: Battery costs have decreased by 90% over the past decade, with current BESS prices ranging from R$1.1-1.3 million/MWh [5] 4. **Investment Returns**: Integrated projects (solar + BESS) can increase internal rates of return (IRRs) by 600-800 basis points [5] Regulatory and Market Challenges 1. **Auction Uncertainties**: The upcoming auction faces uncertainties regarding technical requirements and tax treatment, with a minimum of 1GW expected but a belief that 5GW is needed [5][6] 2. **Import Tariffs**: Recent increases in import tariffs on inverters and BESS components pose challenges for investment [6] Industry Requests 1. **Government Support**: The industry is requesting the government to align contract durations with battery life, update pricing models, and create tax incentives [7] 2. **Supply Chain Concentration**: The battery supply chain is heavily concentrated, with 85% of production in China, leading to higher costs for batteries produced in the US and EU [7] Technological Developments 1. **Sodium Batteries**: Sodium batteries are emerging as a cost-effective alternative, potentially capturing 20-30% of the market share in the next decade [7] 2. **Renewable Energy Integration**: The challenge for Brazil is to scale renewable energy without integrating wind, solar, and BESS effectively [7] Conclusion - The discussion emphasizes the potential growth of BESS in Brazil, particularly for WEG, while also highlighting regulatory challenges and the need for government support to facilitate market growth. The financial outlook for WEG remains positive, supported by the anticipated revenue contributions from BESS.