European stocks close lower; Siemens up 6% on earnings, Burberry down 11% as luxury spending slows
Publishing timestamp: 2023-11-16 12:03:51
Summary
The European markets closed lower on Thursday, with the pan-European Stoxx 600 index down 0.7%. Oil and gas stocks led losses, while utilities were a rare outlier. Earnings reports from companies like Siemens, Hotel Chocolat, Hellofresh, and Burberry influenced share price movements. UBS highlighted stock ideas for 2024, and a tech giant's shares are expected to jump over 10% in the next 12 months.
Sentiment: MIXED
Tickers: .GDAXI, SIE-DE, .FTMIB, AGN-NL, .SPX, .FTSE, 0GFE-GB, .IXIC, EMBRAC.B-SE, .FCHI, .DJI, .STOXX, BRBY-GB, HFG-DE,
Keywords: china, aegon nv, joe biden, breaking news: europe, united states, foreign policy, siemens ag, stoxx 600, business news, economic events, xi jinping, hellofresh se, embracer group ab,
Source: https://www.cnbc.com/2023/11/16/european-markets-live-updates-stocks-news-data-and-earnings.html