European markets retreat as investors gauge inflation outlook, Fed comments
Publishing timestamp: 2023-01-10 05:38:00
Summary
European markets retreated on Tuesday, with caution returning to global sentiment as U.S. Federal Reserve Chairman Jerome Powell gave a speech to Sweden's Riksbank. German pharma firm Bayer posted a 4.5% gain after announcing its new blood clot drug could make more than 5 billion euros in annual sales. Euronav's share price declined 19% on news of the collapse of its potential merger with rival Frontline. U.S. stocks nudged slightly higher in morning trade. Prices of platinum are soaring, and Beijing's dismantling of its stringent Covid-19 controls has raised hopes for a rapid economic recovery. European markets are heading for a higher open Monday as investors gauge inflation outlook globally.
Sentiment: MIXED
Tickers: .IXIC, .GDAXI, .SPX, GAW-GB, .FTMIB, BAYN-DE, .FTSE, EURN-BE, .STOXX, @PL.1, .FCHI, .DJI, FROT-NO,
Keywords: united states, stoxx 600, games workshop group plc, euronav nv, business news, breaking news: europe, frontline plc,
Source: https://www.cnbc.com/2023/01/10/european-markets-live-updates-stocks-news-data-and-earnings.html