European markets shed early gains on Germany and Spain data; Orsted down 20%
Publishing timestamp: 2023-08-30 05:53:28
Summary
European stock markets fluctuated as investors analyzed economic data from Spain and Germany. Lego reported positive revenue growth while its publicly traded rivals experienced declines. Orsted's shares slumped after announcing impairments on its U.S. portfolio. UBS warned of a potential "pain trade" in Chinese stocks. U.S. Treasury yields declined ahead of key economic data releases. Morgan Stanley Investment Management predicts a strong rally in the market by the end of the year. European markets are expected to open higher.
Sentiment: MIXED
Tickers: US10Y, .FTMIB, NVDA, UBS, HAS, MAT, FNKO, JAKK, 0R1I-GB, .GDAXI, .FTSE, .FCHI, US2Y,
Keywords: ftse 100, nvidia corp, business news, markets, london, stock markets, dax, cac 40 index, united states, breaking news: markets, ftse mib,
Source: https://www.cnbc.com/2023/08/30/european-markets-poised-to-open-higher-after-wall-street-rally.html