Europe stocks close lower as negative momentum continues; British pound hits six-month low
Publishing timestamp: 2023-09-26 12:00:11
Summary
European stock markets fell for the fourth consecutive session due to negative sentiment in global stocks. Tech stocks and autos saw the biggest declines. The Bank of England and European Central Bank are expected to hold rates steady while the Federal Reserve may raise rates. Inflation data and disappointing economic data are influencing market movements. The pound hit a six-month low against the U.S. dollar. U.S. stocks also declined, and ASOS reported a drop in sales. Air France-KLM plans to order Airbus A350 jets. Tech giant Meta is facing an "identity crisis." Bank of America upgraded European luxury stocks. European markets are expected to open lower.
Sentiment: MIXED
Tickers: ASC-GB, OCDO-GB, RS1-GB, .FTMIB, GBP=, .FCHI, .GDAXI, .IXIC, .SPX, BARC-GB, EUR=, .FTSE, .STOXX, META,
Keywords: gbp/usd, business news, germany, eur/usd, stoxx 600, dax, ftse 100, ocado group plc, rs group plc, prices, breaking news: europe, economic events, government debt, cac 40 index,
Source: https://www.cnbc.com/2023/09/26/european-markets-live-updates-stocks-data-and-earnings.html