European markets mixed as investors look to upcoming Fed meeting; BP down 5%
Publishing timestamp: 2023-05-02 04:07:13
Summary
European markets were mixed as investors awaited the start of the US Federal Reserve's latest monetary policy meeting. BP's first-quarter profits were lower than exceptional levels of 2022, causing shares to drop 5%. HSBC's pre-tax profit jumped by $8.7 billion to $12.9 billion in the first quarter. SoftBank's chipmaker Arm confidentially filed for a US stock market listing, rekindling speculation about a management buyout of SoftBank. JPMorgan Chase CEO Jamie Dimon views the crisis that contributed to the collapse of three banks in recent weeks as largely over after the banking giant acquired First Republic.
Sentiment: MIXED
Tickers: .FTMIB, .STOXX, BP.-LN, .FTSE, BABA, .FCHI, 5-HK, .GDAXI, FRC,
Keywords: business news, breaking news: europe, prices, stoxx 600, united states,
Source: https://www.cnbc.com/2023/05/02/european-markets-live-updates-stocks-news-data-fed-meeting.html