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: .SPX, CSG.N-CH, .DJI, @DJ.1, .FCHI, CS, TIT-IT, BRK.B, GBP=, BL15-GB, SN.-GB, 0QP5-GB, NWG-GB, SMDS-GB, NDAQ, EO-FR, 2330-TW, NVDA, @ND.1, .STOXX, .FTSE, .GDAXI,
Keywords: s&p 500 index, markets, joe biden, cac 40 index, ds smith plc, investment strategy, economic events, wall street, natwest group plc, business news, dax, banks, credit suisse group ag, united states, telecom italia spa, ftse 100, vladimir putin, stoxx 600, london, faurecia se,
Source: https://www.cnbc.com/2023/02/21/european-markets-open-to-close-stocks-data-earnings-and-news.html