European markets extend new year rally; World Economic Forum kicks off in Davos
Publishing timestamp: 2023-01-16 11:36:42
Summary
European markets were higher on Monday as investors assessed growth and inflation outlook in light of recent data alongside beginning of corporate earnings season. Temenos shares gained more than 7% after Swiss software company announced that CEO Max Chuard would step down. Hellofresh dropped 6% after Exane BNP Paribas downgraded stock to "neutral". Tesla cut prices in U.S. and throughout Europe in what's being viewed as effort to boost sales volumes. University of Michigan consumer sentiment survey on Friday showed one-year inflation outlook down to 4%, third straight monthly decrease and lowest level since April 2021. European markets are heading for flat to lower open Tuesday, with concerns about global economy high on agenda at World Economic Forum in Davos this week.
Sentiment: NEUTRAL
Tickers: 0QOA-GB, TEC.N-CH, HFG-DE, .FTMIB, .GDAXI, TEM.N-CH, HFG-FF, .STOXX, .FCHI, TSLA, 0QLN-GB, .FTSE,
Keywords: davos, ukraine, stoxx 600, tecan group ag, olaf scholz, temenos ag, business news, switzerland, breaking news: europe, united states, hellofresh se,