European stocks fall over 1% as U.S. Treasury yields hit 16-year high
Publishing timestamp: 2023-10-03 12:02:36
Summary
The article discusses how European stock markets closed lower due to gloomy economic data. The Stoxx 600 index ended down 1.1%, with all sectors and major bourses in negative territory. The article also mentions the decline in Hong Kong stocks, rising Treasury yields, and lower oil prices. It highlights AstraZeneca's settlement of U.S. lawsuits, the decline in British pound, and the lower profit and revenue forecast of online fashion retailer Boohoo. The article also mentions the inflation concerns caused by high oil prices and the rise in British shop prices. It concludes with mentions of a European delivery company expected to double its stock value, discounted stocks recommended by an investment officer, and the expected opening of European markets.
Sentiment: NEGATIVE
Tickers: @CL.1, .FTSE, AZN-GB, .FCHI, @LCO.1, BOO-GB, VWS-DK, .FTMIB, .HSI, .GDAXI, .STOXX, GBP=,
Keywords: united states, astrazeneca plc, ice brent crude (apr'23), vestas wind systems a/s, gbp/usd, stoxx 600, boohoo group plc, business news, breaking news: europe,
Source: https://www.cnbc.com/2023/10/03/european-markets-live-updates-stocks-news-data-and-earnings.html