European markets mixed as economic concerns dominate Davos
Publishing timestamp: 2023-01-17 03:16:08
Summary
European markets were muted on Tuesday, with concerns about global economy high on agenda at World Economic Forum in Davos this week. CNBC will be speaking to range of delegates at forum on Tuesday, including leaders of Spain, Latvia, Lithuania and Poland and CEOs of Unilever, UBS, Allianz, Swiss Re and many others. Chinese economic data was released overnight, including figures showingthe nation's gross domestic productgrew by 3% in 2022. Shares of British digital grocer Ocado fell more than 8% in early trade. Nasdaq Composite is leading way, adding 5.9% as investors bought beaten-down technology stocks. China's December retail sales beat estimates, falling only 1.8% on annualized basis. 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. CNBC will be speaking to range of delegates at World Economic Forum on Tuesday.
Sentiment: NEUTRAL
Tickers: .IXIC, .FTMIB, LDO-IT, .SPX, .GDAXI, OCDO-GB, .STOXX, .FCHI, .DJI, .FTSE,
Keywords: ocado group plc, stoxx 600, business news, economic events, breaking news: europe, leonardo spa,
Source: https://www.cnbc.com/2023/01/17/european-markets-live-updates-news-from-wef-data-and-earnings.html