Europe stocks close lower at end of winning week; telcos drop as Nokia cuts outlook
Publishing timestamp: 2023-07-14 11:54:59
Summary
The article discusses the performance of European stock markets, including the Stoxx 600 index. It mentions the gains and losses in different sectors, such as tech stocks, telecom stocks, oil and gas, and mining stocks. It also discusses the impact of economic figures from the UK and the US on global stocks. The article highlights the financial struggles of Swedish property group SBB and the downgrades in sales outlook for Nokia. It also mentions the positive sales revenue for Burberry and the decline in funding for fintech startups. Additionally, the article mentions the slowing growth in China, the producer price index, the appointment of a new central bank chief in Australia, and the views of the Federal Reserve Board Governor on inflation and interest rates. The article concludes with a bullish outlook for the S&P 500.
Sentiment: MIXED
Tickers: .FTSE, .STOXX, NOA3-FF, .SPX, BDEV-GB, NOKIA-FI, TW.-GB, .HSI, BRBY-GB, BKG-GB, GBP=, PSN-GB, .DXY, .FCHI, .DJI, ZAL-DE, ERIC.B-SE, AF-FR, .GDAXI, .IXIC, .N225, VMUK-GB,
Keywords: economic events, london, ftse 100, wall street, dax, persimmon plc, stoxx 600, berkeley group holdings plc, investment strategy, prices, gbp/usd, dxy us dollar currency index, taylor wimpey plc, cac 40 index, virgin money uk plc, air france klm sa, hang seng index, banks, nokia oyj, united states, barratt developments p l c, business news, markets, burberry group plc, telefonaktiebolaget lm ericsson, nikkei 225 index, zalando se, s&p 500 index,
Source: https://www.cnbc.com/2023/07/14/europe-stocks-head-for-lower-open-at-end-of-winning-week.html