European markets close mixed after Powell's Jackson Hole speech; Watches of Switzerland down 20%
Publishing timestamp: 2023-08-25 11:51:13
Summary
The article discusses the mixed performance of European markets in response to comments from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium. Powell warned that further interest rate increases may be necessary to fight inflation. The article also mentions Novo Nordisk's plans to launch its weight-loss drug in more countries, the plunge in shares for Watches of Switzerland Group after a deal with Rolex, and the decline in German business sentiment. The article concludes with mentions of the performance of European markets and Goldman Sachs naming five stocks to play various themes.
Sentiment: MIXED
Tickers: .FTSE, NOVO.B-DK, .DJI, GS, .GDAXI, .N225, NVDA, .SPX, .STOXX, .NDX, .FCHI,
Keywords: dow jones industrial average, business news, banks, markets, cac 40 index, nasdaq 100 index, wall street, investment strategy, ftse 100, nvidia corp, nikkei 225 index, jerome powell, dax, s&p 500 index, novo nordisk a/s, stoxx 600,