European markets close lower after U.S. retail sales data
Publishing timestamp: 2023-10-17 11:43:11
Summary
3) The article discusses European markets closing slightly lower due to higher-than-expected U.S. retail sales, which reignited fears of higher interest rates. It mentions various companies reporting quarterly results, including Ericsson, Rio Tinto, and Publicis. It also discusses the impact of developments in Gaza and U.S. President Joe Biden's upcoming visit to Israel. The article highlights the fall in British workers' average earnings and the potential impact on inflation and interest rates. It concludes by mentioning the potential investment opportunities in small-cap stocks amid rising volatility.
Sentiment: MIXED
Tickers: RIO-GB, .FCHI, PUB-FR, .GDAXI, BAC, .SPX, LON.N-CH, GS, ERIC.B-SE, .STOXX, .FTSE, .KS11, UMI-BE,
Keywords: telefonaktiebolaget lm ericsson, dax, joe biden, united states, rio tinto plc, umicore sa, lonza group ag, bank of america corp, banks, investment strategy, ftse 100, publicis groupe sa, kospi index, s&p 500 index, markets, cac 40 index, business news, goldman sachs group inc, stoxx 600, wall street,