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-FR, RR.-GB, ATVI, EZJ-GB, .STOXX, TSLA, .FTSE, MSFT, .FTMIB, .GDAXI, .FCHI,
Keywords: breaking news: europe, rolls-royce holdings plc, stoxx 600, ubisoft entertainment sa, business news, easyjet plc,
Source: https://www.cnbc.com/2023/11/28/european-markets-live-updates-stocks-news-data-and-earnings.html