European markets close higher; France's CAC touches all-time high
Publishing timestamp: 2023-02-16 12:00:25
Summary
European markets ended the day slightly higher, with France's CAC 40 index briefly hitting an all-time intraday high. Banks led the gains, with Commerzbank topping stocks after reporting better-than-expected profits. In the U.S., stocks fell due to a hotter-than-expected inflation report and unexpected dip in jobless claims. Standard Chartered raised its forecasts and announced a $1 billion share buyback in its fourth quarter results, while Centrica extended its share buyback program by $361 million. Japan's trade deficit widened by 59% in January. U.S. stock futures were little changed after strong retail sales data.
Sentiment: POSITIVE
Tickers: CBK-DE, .FTSE, 0RLW-GB, .FTMIB, .GDAXI, @ND.1, .FCHI, .SPX, .STOXX, STD-FF, CNA-GB, JPY=, @DJ.1, 2888-HK, @SP.1,
Keywords: business news, wall street, ftse mib, commerzbank ag, cac 40 index, dax, stoxx 600, ftse 100, markets, france, s&p 500 index, banks, investment strategy,
Source: https://www.cnbc.com/2023/02/16/european-markets-open-to-close-earnings-data-and-news.html