European markets close slightly higher as investors await Fed notes
Publishing timestamp: 2023-02-20 11:51:56
Summary
European markets closed slightly higher Monday after choppy day of trading, with attention this week set to be on publication of Federal Reserve meeting notes. Euro zone consumer confidence increased in February, according to flash estimate published by European Commission. Telecom Italia shares were down 2.2% at midday after rumored government-sponsored offer for some of its key assets failed to materialize over weekend. Cybersecurity firm Darktrace appointed auditing firm EY to review its "key financial processes and controls." Ericsson plans to eliminate 1400 jobs in Sweden. Tech titans such as Microsoft, Google and Amazon have announced spate of substantive layoffs in recent weeks. Goldman Sachs said the "clean hydrogen revolution continues to accelerate." Stock markets appear to have turned tide after dismal 2022, but with path of interest rate hikes still uncertain, investors should look to be "almost defensively offensive."
Sentiment: MIXED
Tickers: NWG-GB, TIT-IT, .FTSE, ERIC.B-SE, .GDAXI, DARK-GB, SMDS-GB, .STOXX, BL15-GB, EO-FR, .SPX, .FCHI,
Keywords: natwest group plc, ftse 100, united states, ds smith plc, s&p 500 index, markets, cac 40 index, stoxx 600, dax, telecom italia spa, business news, faurecia se, wall street, banks, investment strategy,
Source: https://www.cnbc.com/2023/02/20/european-markets-open-to-close-stocks-data-earnings-and-news.html