12:10 PM EDT, 03/13/2025 (MT Newswires) -- The European stock markets were moving lower in Thursday trading as The Stoxx Europe 600 declined 0.35%, Germany's DAX was down 0.85%, the FTSE 100 in London fell 0.08%, France's CAC 40 dropped 0.75%, and the Swiss Market Index lost 0.58%.

Seasonally adjusted industrial production increased 0.8% in the euro area and 0.3% in the EU in January compared with December, according to first estimates from Eurostat, the statistical office of the EU. Compared with a year earlier, industrial production was unchanged in the euro area and off by 0.2% in the EU.

In Switzerland, the Producer and Import Price Index rose 0.3% in February compared with the previous month to 106.7 points, according to the Federal Statistical Office. Higher prices for basic pharmaceutical products, petroleum products, and electricity contributed to the increase. Compared with February 2024, the price level of the whole range of domestic and imported products declined 0.1%.

And in corporate news, UBS said Wednesday it has received regulatory approval from Beijing to sell a 36% stake in the collapsed Credit Suisse's China venture. The Swiss banking giant said it has secured permission to sell the stake in Credit Suisse Securities to Beijing State-owned Assets Management while retaining 15% ownership of the unit.

British oil and gas company Shell shipped a record 1.1 million tons of liquefied natural gas, or LNG, to fuel marine vessels last year, Bloomberg reported Thursday, citing an email from a company executive. Shell did not immediately reply to a request for comment from MT Newswires.

Deutsche Bank said Thursday it expects revenue to rise across all four core divisions in 2025 to 32 billion euros ($34.78 billion), after booking a 4% increase to 30.1 billion euros last year. According to the bank's annual report, variable compensation for 2024 rose to 2.5 billion euros, the highest since 2014, as the bank pointed to improved operating results and a 16% increase in pre-tax profit before one-time charges.

British mining company Rio Tinto said late Wednesday that it has signed two new solar and battery hybrid services agreements with Edify Energy to increase the supply of electricity to Rio Tinto's Gladstone aluminum operations in Queensland, Australia. Rio Tinto said it will buy 90% of the power and battery storage capacity generated by the adjacent Smoky Creek & Guthrie's Gap solar power stations in central Queensland for 20 years.

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