Europe markets close lower despite Santander surge; Stoxx 600 gains 2% for the month
Publishing timestamp: 2023-02-28 11:56:58
Summary
European markets closed lower Tuesday after investors focused on new data, interest rates, and corporate news. Santander closed 4.8% higher after announcing plans to raise its return on tangible equity ratio in coming years. U.S. stocks were flat on Tuesday as investors braced for the final trading day of February. Aixtron was at the top of the Stoxx 600 index, while Ocado was at the bottom after reporting a pre-tax annual loss. French and Spanish inflation figures came in hotter than expected for February. Credit Suisse was found to have "seriously breached its supervisory obligations" by FINMA. Hong Kong will end its mask mandate for indoors and outdoors on Wednesday. Tesla shares are unlikely to make a comeback due to price cuts. Morgan Stanley believes the stock market's recent attempt to pull out of a downtrend could soon come to an end.
Sentiment: NEUTRAL
Tickers: SAN-ES, @DJ.1, OCDO-GB, @SP.1, @ND.1, .FCHI, SAN, .STOXX, AIXA-DE, 0I4P-GB, .GDAXI, .FTMIB, TSLA, .FTSE,
Keywords: united states, breaking news: europe, business news, ocado group plc, economic events, banco santander sa, aixtron se, stoxx 600,
Source: https://www.cnbc.com/2023/02/28/european-markets-live-updates-stocks-data-news-and-earnings.html