European stocks close higher ahead of U.S. inflation data; oil and gas down 2.5%
Publishing timestamp: 2024-01-08 11:56:15
Summary
European markets turned positive after a negative start, with technology and retail stocks leading gains. However, oil and gas stocks dropped due to price cuts by Saudi Arabia. The grounding of Boeing 737 Max 9 aircraft affected Boeing's shares, while Airbus shares rose. British energy company Drax saw a jump in its stock price, but Portuguese oil company Galp Energia fell. Shell flagged impairment charges in its upcoming fourth-quarter results. There are opportunities for retail investors in the oil and memory chipmaker sectors. European markets are expected to open in negative territory.
Sentiment: MIXED
Tickers: BA, GALP-PT, SHEL-GB, .FTSE, DRX-GB, .STOXX, .FCHI, AIR-FR, .GDAXI, .FTMIB,
Keywords: breaking news: europe, united states, stoxx 600, business news, economic events, prices,
Source: https://www.cnbc.com/2024/01/08/european-markets-live-updates-stocks-news-data-and-earnings.html