European markets close higher; UK's FTSE 100 index hits all-time high as pound slides
Publishing timestamp: 2023-02-03 11:53:00
Summary
European markets closed higher on Friday as investors reacted to key central bank decisions, economic data, and corporate earnings. The FTSE 100 hit a record high after the pound fell following U.S. jobs data. The European Central Bank and Bank of England both raised interest rates by 50 basis points. The U.S. economy added 517000 jobs in January, and the euro zone Purchasing Managers' Index showed business activity returned to growth. Shares in Asia-Pacific were mixed, and the spot price of platinum fell more than 3%. Investment bank UBS raised its quarterly forecast for platinum, and Alexandre Holroyd of Renaissance political party discussed pension reform. Goldman Sachs has said non-U.S. stocks will beat the S&P 500 this year, and hedge fund manager Dan Niles is bearish on the stock markets.
Sentiment: MIXED
Tickers: .FCHI, ADANIENT-IN, .GDAXI, .STOXX, .SPX, @PL.1, QUOTES, KINV.B-SE, .FTSE, PUB-FR, GBP=,
Keywords: london, s&p 500 index, dax, business news, wall street, economic events, united states, kinnevik ab, ftse 100, markets, gbp/usd, platinum (apr'23), cac 40 index, investment strategy, stoxx 600, publicis groupe sa, banks, breaking news: europe,