European markets head for negative open as banking sector jitters return
Publishing timestamp: 2023-04-26 01:40:44
Summary
European markets are expected to open negatively due to concerns over the global banking sector. Standard Chartered posted better-than-expected profits, but banking fears were reignited after First Republic Bank reported a 40% drop in deposits. Artificial intelligence-related stocks have been performing well, and HSBC has identified four Chinese stocks that are set to benefit from the trend. McDonald's reported strong earnings, with higher revenue and increased U.S. traffic. Tech stocks have been a bright spot in 2023 despite market volatility.
Sentiment: MIXED
Tickers: MCD, .GDAXI, .STOXX, 37ZM-GB, .FTMIB, .FTSE, FRC, .FCHI, STAN-GB,
Keywords: breaking news: europe, standard chartered plc, business news, united states, stoxx 600, earnings,
Source: https://www.cnbc.com/2023/04/26/european-markets-live-updates-news-stocks-data-and-earnings.html