European markets close lower, extending negative start to 2024
Publishing timestamp: 2024-01-09 11:47:18
Summary
European markets retreated on Tuesday, with the Stoxx 600 index closing lower. Mining stocks led losses, while health-care stocks ticked higher. Investors are looking ahead to U.S. inflation data and big bank earnings for further clues on the economy. U.S. stocks fell, while Asia-Pacific markets rebounded. Spanish drugmaker Grifols faced allegations, while French cable company Nexans received a "buy" rating. Volkswagen announced an increase in vehicle deliveries. German industrial production fell unexpectedly in November. Bank of America remains optimistic on the AI theme, highlighting stock picks with upside potential. Morgan Stanley is positive on internet stocks in Europe. European markets are set to open in positive territory.
Sentiment: MIXED
Tickers: NVDA, VOWB-FF, GRF-ES, .GDAXI, .FTMIB, .FTSE, .STOXX, .FCHI, NEX-FR,
Keywords: breaking news: europe, stoxx 600, united states, economic events, business news, prices,
Source: https://www.cnbc.com/2024/01/09/european-markets-live-updates-stocks-news-data-and-earnings.html