European markets mixed after Powell's comments
Publishing timestamp: 2023-03-08 11:07:59
Summary
European markets were mixed as investors reacted to comments from the Federal Reserve's Chairman Jerome Powell indicating interest rates may need to go higher for longer. Continental was the strongest performer after announcing higher earnings, while Adidas announced a dividend cut after ending its partnership with Kanye West. Darktrace lowered its guidance for full-year cash flow. The U.S. private payroll data showed an increase of 242,000 for the month. Powell's comments on rates caused global stock markets to fall. DoubleLine Capital CEO Jeffrey Gundlach said it's "very likely" that the Federal Reserve will raise interest rates by half a percentage point at its next policy meeting.
Sentiment: MIXED
Tickers: .FTMIB, .FCHI, TSLA, .GDAXI, ADM-GB, .FTSE, 0OLD-GB, CON-DE, .STOXX,
Keywords: admiral group plc, business news, stoxx 600, jerome powell, united states, breaking news: europe, continental ag,
Source: https://www.cnbc.com/2023/03/08/european-markets-set-to-open-lower-after-powells-comments.html