European stocks close lower as markets await latest Fed minutes
Publishing timestamp: 2023-02-22 11:52:59
Summary
European markets were lower on Wednesday, with most sectors recording declines. Allfunds Group shares jumped 20% in early afternoon trade on Bloomberg report that Euronext is exploring takeover of Dutch-listed fund distribution firm. U.S. stocks wavered on Wednesday, as market struggled to recover from its worst day of year. Rio Tinto reported underlying post-tax earnings of $13.3 billion for 2022, a 38% yearly decline. Lloyds reported pre-tax profit of 6.9 billion ($8.4 billion) for 2022, flat on previous year. Fresenius Medical Care topped European stocks in morning trade, up 10.7%. Stellantis announced record full-year results, reporting 26% rise in net profit to 16.8 billion euros ($17.9 billion). Exchange-traded funds focused on electric vehicles have become increasingly popular. HSBC analysts identified buy-rated stocks under climate themes which have among highest upside to its price targets.
Sentiment: NEUTRAL
Tickers: .SPX, 1211-HK, TSLA, FRE-DE, .DJI, .FCHI, SFZ.N-CH, .STOXX, ALLFG-NL, 0AAL-GB, LLOY-GB, NDAQ, .FTMIB, NVDA, STLA, FME-DE, .FTSE, .GDAXI, RIO-GB,
Keywords: allfunds group plc, breaking news: europe, rio tinto plc, united states, stoxx 600, lloyds banking group plc, business news,
Source: https://www.cnbc.com/2023/02/22/european-markets-live-updates-stocks-news-data-and-earnings.html