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European markets close lower; UBS ends Credit Suisse protection measures, shares up 4.7% - TL;DR CNBC

European markets close lower; UBS ends Credit Suisse protection measures, shares up 4.7%

Publishing timestamp: 2023-08-11 11:56:36


Summary

The article discusses the European markets closing lower due to investors digesting earnings and U.S. inflation data. UBS announced the end of a loss protection agreement and liquidity backstop. The article also mentions the mixed performance of Asian and U.S. markets. Additionally, it discusses the impact of obesity drug trials on various companies and the performance of U.S. regional banks.


Sentiment: MIXED

Tickers: NOVO.B-DK.STOXX.FTMIBDXCM.FCHILLY.FTSE0R3T-GB.GDAXI.SPX

Keywords: breaking news: marketsdaxcac 40 indexpricesstock marketsunited stateseconomic eventsstoxx 600business newsftse 100marketsftse mib

Source: https://www.cnbc.com/2023/08/11/european-markets-open-to-close-earnings-data-and-news.html


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