European markets close lower as miners, energy stocks retreat; gold hits record high
Publishing timestamp: 2023-12-04 11:43:23
Summary
European markets were mostly lower as traders bet on interest rate cuts in 2024. Gold prices reached a record high due to geopolitical uncertainty and possible interest rate cuts. US stocks were lower, and Asian stocks were mixed. Executives in the cryptocurrency industry are optimistic about a new bull run. Nokia shares slipped on rumors of being removed from AT&T's vendor list. UCB climbed after approval of its new drug. Barclays strategists are skeptical about the pace of disinflation. The Stoxx 600 and mining stocks were down, while retail stocks added gains. The FTSE 100, Germany's DAX, and France's CAC 40 are expected to have mixed performance. The article also discusses the impact of rising interest rates and cooling inflation on stocks.
Sentiment: MIXED
Tickers: .FTSE, NOKIA-FI, UCB-BE, .DJI, BARC-GB, T, .FCHI, BTC.CM=, .STOXX, .GDAXI, .SPX,
Keywords: ftse 100, dow jones industrial average, s&p 500 index, nokia oyj, markets, investment strategy, business news, cac 40 index, stoxx 600, wall street, banks, ucb sa, barclays plc, dax,
Source: https://www.cnbc.com/2023/12/04/europe-markets-open-to-close-2024-central-bank-cuts-in-focus.html