European markets close slightly higher after U.S. GDP beat expectations
Publishing timestamp: 2023-01-27 12:00:45
Summary
European markets closed marginally higher on Friday after U.S. economic data came in stronger than expected. Shares of Swedish power tool company Husqvarna increased by as much as 16% after Germany's Bosch announced it would increase its stake in manufacturer. Wise shares dipped 2% on Friday after currency exchange giant was accused by rival fintech startup Atlantic Money of undermining competition in money transfer market. U.S. GDP grew by annualized 2.9% in fourth quarter, beating expectations. Tech stocks have staged remarkable comeback this year, with the Nasdaq Composite up more than 8%. European markets are heading for mixed open on Friday, mainly continuing Thursday's positive momentum.
Sentiment: NEUTRAL
Tickers: .DJI, .SPX, .FTMIB, .IXIC, SRT3-DE, .FCHI, .STOXX, @PA.1, DGE-GB, WISE-GB, SBRY-GB, .FTSE, HUSQ.B-SE, .GDAXI,
Keywords: breaking news: europe, palladium (mar'23), diageo plc, sartorius ag, stoxx 600, united states, economic events, germany, j sainsbury plc, business news,
Source: https://www.cnbc.com/2023/01/27/european-markets-open-to-close-stocks-data-earnings-and-news.html