Siemens flagged mounting geopolitical risks like trade conflicts and weak consumer demand in the year ahead after posting fourth quarter earnings slightly ahead of forecasts. The company, whose products range from industrial controllers and software to trains,

Siemens (OTCPK:SIEGY) +5.6% in Frankfurt trading Thursday to a record high after reporting better than expected Q4 results and said strong data center demand will drive business for its transformers and grid technology in the coming year.

By John Revill ZURICH (Reuters) -Siemens stock surged on Thursday after the engineering company posted better than expected results and said it was in a good position to navigate mounting global political and trade tensions.