Europe stocks snap five-session losing streak; German inflation drops more than expected
Publishing timestamp: 2023-09-28 12:14:01
Summary
The article discusses the performance of European stock markets, with mining and banking stocks advancing. It mentions the rise in Chinese industrial profits and the slowing inflation in Germany. It also discusses the decline in U.S. stocks and the surge in oil prices. The article mentions the plans of Ams-Osram to reduce its debt pile and the debut of Schott Pharma on the Frankfurt stock exchange. It also mentions UBS downgrading shares of a company due to concerns about the rise of artificial intelligence. The article concludes with expectations for European markets to open higher.
Sentiment: NEUTRAL
Tickers: .GDAXI, .FCHI, @CL.1, .IXIC, .FTSE, AMS-AT, @LCO.1, .STOXX, DQW4-FF, .DJI, .SPX, .FTMIB,
Keywords: united states, government debt, spain, breaking news: europe, prices, business news, germany, stoxx 600, ams osram ag,
Source: https://www.cnbc.com/2023/09/28/european-markets-live-updates-stocks-data-and-earnings.html