European markets close higher, tracking positive global momentum; NN Group up 10%
Publishing timestamp: 2023-08-29 11:53:21
Summary
European stock markets closed higher, following positive global momentum. Mining stocks led gains. Attention is turning towards upcoming economic data, including the U.S. nonfarm payrolls report. NN Group saw a surge in shares after strong earnings, while Carrefour dropped due to consumer cutbacks. Sweden's economy contracted, but not as much as expected. European stocks made a positive start to the day. Toyota halted operations in Japan due to a system glitch. Analysts highlight a semiconductor stock with an edge and recommend four stocks to play the demand for high-performance chips.
Sentiment: MIXED
Tickers: TM, CA-FR, ANE-ES, .STOXX, .GDAXI, .SPX, .FCHI, NN-NL, .FTSE,
Keywords: banks, ftse 100, carrefour sa, wall street, investment strategy, business news, stoxx 600, nn group nv, markets, corporacion acciona energias renovables sa, s&p 500 index, dax, cac 40 index,