Feb.05 — Siemens, the German industrial giant, has warned a market slump is set to continue after quarterly profit missed the street’s estimates due to a steep decline in the automotive machine-building and energy businesses. The results come on the same day as shareholders are meeting where the CEO Joe Kaeser is expected to face more pressure from environmental activists over a contract to supply an Australian coal mine. Bloomberg’s Oliver Sachgau reports on “Bloomberg Markets: European Open.”
