European markets close higher as investors weigh economic outlook
Publishing timestamp: 2023-01-23 11:53:25
Summary
European markets closed higher Monday after investors reassessed economic outlook. Fed Gov. Christopher Waller said he favors just a quarter-point hike on Feb. 1 when central bank gives its next interest rate policy update. Kristalina Georgieva, managing director of IMF, said global economic outlook is not as bad as feared couple of months ago. Silver prices dropped as much as 5% during Monday trading. Analysts discussed how companies can tackle decarbonization and why they are optimistic about European markets. Shares of German flavoring and fragrance producer Symrise fell more than 7% while Remy Cointreau shares climbed 3%. Microsoft-backed ChatGPT recently set internet abuzz and investors are wondering what it means for Google parent Alphabet.
Sentiment: NEUTRAL
Tickers: .FTSE, .FTMIB, .STOXX, MSFT, .GDAXI, GOOGL, .FCHI,
Keywords: stoxx 600, united states, economic events, breaking news: europe, business news, shanghai,
Source: https://www.cnbc.com/2023/01/23/european-markets-live-updates-stocks-earnings-data-and-news.html