European markets fall on Fed chair comments; British pound slides 1.4%; HelloFresh shares sink
Publishing timestamp: 2023-03-07 11:47:03
Summary
European markets fell on Tuesday following Federal Reserve Chair Jerome Powell's congressional testimony. Mining stocks led losses, while Hellofresh was the worst performer, down 9.8% after forecasting lower 2023 profit than analysts had expected. The British pound and euro both fell against the U.S. dollar, and U.S. stocks opened flat. Markets are now pricing in at least a 50-50 chance that the Federal Reserve will raise its benchmark interest rate by half a percentage point later this month. French workers are protesting President Emmanuel Macron's pension reforms, leading to cancelled trains and flights. Chip stocks have rebounded this year, but Citi warns that they could be about to hit new lows. Irish inflation data and earnings from several companies will be released today.
Sentiment: MIXED
Tickers: 0RVI-GB, .FTSE, .FCHI, GBP=, .GDAXI, HFG-DE, HFG-FF, .SPX, .STOXX, EUR=, .FTMIB,
Keywords: breaking news: europe, jerome powell, gbp/usd, hellofresh se, stoxx 600, business news, ftse 100, eur/usd,
Source: https://www.cnbc.com/2023/03/07/european-markets-live-updates-stocks-news-data-and-earnings-fed.html