European markets close lower after week of key data
Publishing timestamp: 2023-02-17 11:53:27
Summary
European markets closed slightly lower on Friday, as investors assess the impact of inflation and production data from U.S. and U.K., alongside company earnings. U.S. stocks slipped on Friday as stubbornly high inflation and rebound in rates continue to weigh on investor sentiment. Air France-KLM reported better-than expected fourth-quarter operating profit with global travel demand seeing rebound. Germany's producer prices rose more than expected in January, but rate of increase was lower for fourth month in row. Allianz reported profitable fourth quarter after facing big charges previous year in U.S. funds scandal. U.K.'s FTSE 100 closed above 8000 points for first time on Thursday. Investor interest in semiconductor sector has rebounded in recent months. Standard Chartered expects China's economy to expand by 5.8% this year. Most major bourses are expected to open lower Friday.
Sentiment: MIXED
Tickers: .SPX, BL15-GB, SOXX, @DJ.1, @ND.1, .FCHI, 1911-HK, 2888-HK, .STOXX, AF-FR, GBP=, .FTSE, @SP.1, NWG-GB, .GDAXI,
Keywords: markets, wall street, ftse 100, stoxx 600, natwest group plc, s&p 500 index, dax, cac 40 index, investment strategy, banks, business news, united states,
Source: https://www.cnbc.com/2023/02/17/european-markets-open-to-close-earnings-data-and-news.html