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European markets close lower with Fed in focus; Credit Suisse slips 4% - TL;DR CNBC

European markets close lower with Fed in focus; Credit Suisse slips 4%

Publishing timestamp: 2023-02-21 11:42:19


Summary

European markets closed lower Tuesday as investors weighed corporate earnings with potential for U.S. Federal Reserve to remain hawkish. Credit Suisse shares fell on reports that remarks made by its chairman were being reviewed by Swiss financial regulator. U.K. government posted surprise budget surplus for January. Asia-Pacific markets closed mixed Tuesday. U.S. stocks dropped Tuesday as higher rates continue to pressure market sentiment. U.K. composite Purchasing Managers' Index returned to growth in February. High-yielding stocks are back in spotlight as volatility persists, inflation remains hot and Treasury yields continue to rise. Nvidia and Taiwan Semiconductor Manufacturing Company have both seen strong performance in the year so far.


Sentiment: MIXED

Tickers: .SPXCSG.N-CH.DJI@DJ.1.FCHICSTIT-ITBRK.BGBP=BL15-GBSN.-GB0QP5-GBNWG-GBSMDS-GBNDAQEO-FR2330-TWNVDA@ND.1.STOXX.FTSE.GDAXI

Keywords: s&p 500 indexmarketsjoe bidencac 40 indexds smith plcinvestment strategyeconomic eventswall streetnatwest group plcbusiness newsdaxbankscredit suisse group agunited statestelecom italia spaftse 100vladimir putinstoxx 600londonfaurecia se

Source: https://www.cnbc.com/2023/02/21/european-markets-open-to-close-stocks-data-earnings-and-news.html


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