European markets close higher as earnings season nears end; Credit Suisse down 15%
Publishing timestamp: 2023-02-09 12:03:52
Summary
European markets closed higher Thursday as investors weighed up economic outlook and corporate earnings. Credit Suisse tumbled 15% after reporting huge annual loss. U.S. stocks rose as investors took in more big corporate earnings reports. Asia-Pacific closed mixed, as investors assessed risks of more interest rate hikes. Europe's Stoxx 600 closed 0.65% higher as energy and industrials stocks gained. U.S. stocks opened in green, coming off down Wednesday. Unilever said it would further raise prices on its products in first half of year. Sweco tracked its best day in more than 14 years following upbeat fourth-quarter earnings results. Entain fell 10.1% after CEO of MGM said Wednesday his company had "moved on" from sports betting company following takeover speculation. Standard Chartered jumped 11% on rumors of potential takeover by First Abu Dhabi Bank. Siemens raised its sales and profit outlook for rest of year following strong start to 2023. Fed Governor Christopher Waller warned that fight against inflation is not over and could result in higher interest rates than markets are anticipating.
Sentiment: NEUTRAL
Tickers: .STOXX, .IXIC, .FTSE, .SPX, .DJI, .FTMIB, 0I4P-GB, ULVR-GB, 37ZM-GB, SWEC.B-SE, CSG.N-CH, 0H0G-GB, ENT-GB, STAN-GB, .FCHI, .GDAXI,
Keywords: jerome powell, entain plc, credit suisse group ag, sweco ab (publ), breaking news: europe, standard chartered plc, stoxx 600, business news,
Source: https://www.cnbc.com/2023/02/09/european-markets-live-updates-stocks-data-earnings-and-news.html