European markets close lower as investors focus on Fed meeting this week
Publishing timestamp: 2023-01-30 11:56:14
Summary
European markets closed lower Monday as investors focused on the upcoming U.S. Federal Reserve meeting. Adani Group shares remained volatile after the conglomerate rebutted accusations of embezzlement and fraud. U.S. stocks opened lower on Monday as investors looked ahead to the busiest week of earnings season and a possible interest rate hike from the Federal Reserve. British fashion retail group JD Sports said personal and financial information of roughly 10 million customers "may have been accessed" in a cyber attack. Renault and Nissan agreed to restructure their decades-long alliance, and Legal & General's CEO announced he would be retiring after a decade in the role. Philips gained 5% after announcing range of measures to improve profitability, while Prosus dipped 5.5%. Oil prices could approach $100 per barrel in the second half of the year, according to RBC Capital Markets. Adani Enterprises rose 10% after seeing sharp losses in previous sessions. European markets are heading for a lower open Tuesday as investors focus on the U.S. Federal Reserve meeting.
Sentiment: NEUTRAL
Tickers: .FTMIB, @LCO.1, ADANIPORTS-IN, RNO-FR, ADANIGREEN-IN, .FTSE, .STOXX, ADANIENT-IN, JD.-GB, .GDAXI, CCC-GB, .FCHI, NISE-FF, PHIA-NL, .NSEI, @CL.1, ADANIPOWER-IN, LGEN-GB, ADANITRANS-IN,
Keywords: united states, breaking news: europe, business news, stoxx 600,