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European markets close lower as investors parse global picture; Maersk up 5.1% - TL;DR CNBC

European markets close lower as investors parse global picture; Maersk up 5.1%

Publishing timestamp: 2024-01-03 11:55:53


Summary

European markets fell sharply, with the Stoxx 600 index closing down 0.9%. Food and beverage stocks ended up 0.2%, while construction and material fell 2.9% and technology declined 1.9%. Maersk saw gains after announcing it would keep trade routes through the Red Sea on pause due to security concerns. Asian and U.S. markets also experienced declines. HSBC believes it's time for investors to cut their exposure to risk assets. Inflation in Turkey rose to 64.8% on an annual basis in December. Goldman Sachs added a number of stocks to its list of top picks. One investor sees promise in certain parts of China's market. European markets are expected to open in negative territory.


Sentiment: MIXED

Tickers: 0O77-GB.FCHIBARC-GBDP4B-DENDAQMAERSK.B-DK.GDAXIAAPL.FTSE.STOXX

Keywords: stoxx 600breaking news: europetaiwanbusiness newsapple incbarclays plcap moeller - maersk a/ssouth korea

Source: https://www.cnbc.com/2024/01/03/european-markets-live-updates-stocks-news-data-and-earnings.html


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