European markets close lower as Wall Street rebound fails to boost sentiment
Publishing timestamp: 2023-12-21 11:39:36
Summary
European markets and Asia-Pacific markets fell, following a drop in U.S. stocks after nine straight positive sessions. U.S. GDP figures came in lower than expected. Some analysts attribute the sell-off to investors taking profits and high volume of zero-day options trading. The disappointing revenue outlook from FedEx also contributed to the sell-off. Shares of Argenx dropped after its drug failed a study. Commerzbank received approval for its share buyback program. Uncertainties remain for 2024, and cautious investors may want to create a diversified portfolio. Citi upgraded shares of a European stock after a transaction that weakens its links to Russia. European markets are expected to open lower.
Sentiment: MIXED
Tickers: ARGX-BE, .FCHI, OCDO-GB, .FTMIB, DHER-DE, CBK-DE, CBK-FF, .STOXX, .GDAXI, FDX, TEP-FR, .FTSE,
Keywords: ocado group plc, stoxx 600, united states, teleperformance se, business news, prices, economic events, argenx se, breaking news: europe, commerzbank ag, delivery hero se,
Source: https://www.cnbc.com/2023/12/21/european-markets-live-updates-stocks-news-and-data.html