European stocks rise as investors eye global data
Publishing timestamp: 2023-09-01 06:49:59
Summary
The article discusses the mixed performance of European stock markets after the release of the U.S. jobs report. It mentions the rise in oil and gas stocks due to raised oil price forecasts, but also the decline in auto stocks due to a deterioration in sentiment among automakers. It highlights the uncertainty over rate hikes, weak European data, and pessimism over the reopening of China. The article also mentions the increase in U.S. unemployment rate and its potential impact on Federal Reserve policy. It briefly mentions the performance of Asian and U.S. markets, as well as the fall in U.K. house prices. The article concludes with a mention of the upcoming cautious open for European stock markets and the reduction in foreign exchange reserve requirement ratio by the People's Bank of China. It also discusses the underperformance of dividend stocks and technology stocks in August.
Sentiment: MIXED
Tickers: DDOG, JD, .IXIC, FTNT, .NDX, .STOXX, LCID, PYPL, CNY=,
Keywords: markets, prices, stoxx 600, stock markets, united states, business news, breaking news: markets, economic events,
Source: https://www.cnbc.com/2023/09/01/european-markets-open-to-close-ftse-dax-us-jobs.html