European markets mixed after a downbeat week; Philips up 4%
Publishing timestamp: 2023-08-14 08:10:35
Summary
The article discusses the mixed performance of European markets, with sectors spread across negative and positive territory. It mentions UBS ending a loss protection agreement and liquidity backstop, which resulted in a 4.7% increase in UBS shares. It also discusses the fall of Asia-Pacific markets and the rise of U.S. stock futures. Additionally, it mentions Dutch investment firm Exor N.V. buying a 15% stake in Philips, German wholesale prices falling, and Goldman Sachs predicting a large global automaker to become a strong player in the electric vehicle market by 2030. The article also mentions the rally of crude oil and natural gas contracts, as well as the performance of different sectors in the S&P 500. Finally, it discusses the business opportunities in artificial intelligence for Alibaba, Tencent, and Baidu, and the expected demand for Nvidia's chips. The article concludes by mentioning the expected lower opening of European markets.
Sentiment: MIXED
Tickers: BIDU, BABA, NVDA, UBSG-CH, 700-HK, .STOXX,
Keywords: london, ubs group ag, breaking news: markets, markets, business news, stock markets,
Source: https://www.cnbc.com/2023/08/14/european-markets-open-to-close-earnings-data-and-news.html