European markets head for lower open as investor mood sours
Publishing timestamp: 2023-01-19 00:32:28
Summary
European markets are expected to open lower on Thursday as investors remain uncertain on economic outlook, with the topic high on agenda at the World Economic Forum in Davos this week. CNBC will be speaking to a range of delegates at the World Economic Forum, including CEOs of Enel, Merck, Rio Tinto and leaders of Netherlands and Ireland. U.S. retail sales in December fell 1.1%, raising concerns about recession. Investment veteran Andrew Slimmon believes stocks will do better than expected this year, while Michael Landsberg favors safer sectors. UBS Global Wealth Management CIO Mark Haefele warns investors to brace themselves for stocks' strong start to year to be short-lived. Fund manager Trent Masters of Alphinity Investment Management picks stocks with earnings resilience.
Sentiment: NEUTRAL
Tickers: .GDAXI, @LCO.1, .FCHI, @CL.1, .FTMIB, .STOXX, .FTSE,
Keywords: business news, breaking news: europe, economic events, stoxx 600,
Source: https://www.cnbc.com/2023/01/19/european-markets-live-updates-data-news-stocks-wef-and-earnings.html