European stocks inch up; Adidas slides as sportswear suffers from Nike nerves
Publishing timestamp: 2023-12-22 12:19:34
Summary
The article discusses the performance of European stocks, with the Stoxx 600 index slightly rising. It mentions the drop in the technology sector and the rise in oil and gas stocks. It also highlights the decline in sportswear retailers due to Nike's lowered sales outlook. The article mentions the U.K. edging closer to a technical recession and the upcoming U.S. inflation data. It also discusses positive signs in French consumer sentiment and U.K. retail sales. The article mentions the rebound in oil prices after Angola's withdrawal from OPEC. It concludes by discussing interest rates, growth stocks, and the "Santa Claus Rally" in the stock market.
Sentiment: NEUTRAL
Tickers: DHER-DE, PUMA-FF, GBP=, CBK-DE, CBK-FF, TEP-FR, .STOXX, ARGX-BE, OCDO-GB, NKE, PUM-DE, ADS-DE,
Keywords: united states, breaking news: europe, commerzbank ag, delivery hero se, nike inc, argenx se, stoxx 600, puma se, economic events, ocado group plc, prices, adidas ag, business news, teleperformance se,
Source: https://www.cnbc.com/2023/12/22/european-markets-live-updates-stocks-news-and-data.html