European stocks close higher; retailer Next hits record high as JD Sports falls 23%
Publishing timestamp: 2024-01-04 12:01:37
Summary
European stocks closed higher after two downbeat sessions. Banking stocks climbed while technology stocks fell. Retail stocks had a mixed performance. Next raised its profit outlook, while JD Sports reported lower sales. French inflation rose slightly. Euro zone composite purchasing managers' index showed contraction in output. U.S. stocks were trading higher, with the Nasdaq Composite falling for the fifth straight day. UK Prime Minister Rishi Sunak said a general election is likely to be held in the second half of 2024. Maersk continued to perform well despite a downgrade from JPMorgan. Next also climbed to a record high after raising its profit forecast. Chinese services activity grew in December. The article also mentions the performance of tech stocks in 2023 and the difficulties car makers face in building technology for driverless cars. European markets are expected to open in mixed territory.
Sentiment: MIXED
Tickers: .SPX, .FTSE, NXT-GB, .GDAXI, .IXIC, .FTMIB, .STOXX, JPM, DP4B-DE, JD.-GB, .FCHI,
Keywords: stoxx 600, breaking news: europe, business news, london, next plc, jd sports fashion plc, united states, japan,
Source: https://www.cnbc.com/2024/01/04/european-markets-live-updates-stocks-news-data-and-earnings.html