Volatile trading continues to be seen across markets worldwide this week, with Asia-Pacific markets closing mostly higher. Stateside, the Dow Jones industrial average was down over 1.4 percent, as U.S. bond yields crept back towards multi-year highs.
Earnings season continues to shake up sentiment, with a number of major companies posting financial figures Thursday.
Zurich Insurance pared almost all of its gains to end marginally lower after earnings beat expectations. Full-year net profit came in at $3 billion, having fallen 6 percent — however this surpassed analyst estimates of $2.72 billion, according to a Reuters poll. Sticking with the sector, Swiss Re closed up around 2 percent after the firm had said it was in talks with Japan's Softbank about a "potential minority investment." The insurer added discussions were "at a very early stage."
TDC saw shares skyrocket almost 18 percent after the telecoms operator confirmed that it had received — and then rejected — a takeover approach from Australia's Macquarie and three Danish pension funds.