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European stocks close lower as November momentum stalls; Ubisoft down 9%, Rolls-Royce up 6% - TL;DR CNBC

European stocks close lower as November momentum stalls; Ubisoft down 9%, Rolls-Royce up 6%

Publishing timestamp: 2023-11-28 11:41:57


Summary

European markets closed lower as lackluster sentiment continued. French videogames publisher Ubisoft announced a bond placement, causing its stock to decline. Rolls-Royce gained after announcing medium-term targets. Consumer sentiment in Germany held steady, while French consumer confidence improved but remained sluggish. EasyJet rose after confirming plans to reinstate its dividend. German companies' willingness to hire declined. Barclays identified European stocks at risk of profit hits due to rising interest payments. Tesla's dominance in the electric vehicle market is being questioned due to rising competition. Morgan Stanley analysts see the investment case for India as strong but warn of potential volatility due to upcoming elections. European markets are expected to open flat.


Sentiment: MIXED

Tickers: UBI-FRRR.-GBATVIEZJ-GB.STOXXTSLA.FTSEMSFT.FTMIB.GDAXI.FCHI

Keywords: breaking news: europerolls-royce holdings plcstoxx 600ubisoft entertainment sabusiness newseasyjet plc

Source: https://www.cnbc.com/2023/11/28/european-markets-live-updates-stocks-news-data-and-earnings.html


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