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Europe stocks close lower after U.S. inflation beat; M&S down 4% - TL;DR CNBC

Europe stocks close lower after U.S. inflation beat; M&S down 4%

Publishing timestamp: 2024-01-11 11:57:57


Summary

European markets closed lower after U.S. inflation came in above expectations. The Stoxx 600 index finished 0.77% lower, with all sectors in the red. Marks & Spencer fell 4.5% despite reporting strong Christmas sales growth. Tesco rose 1.35% after lifting its profit forecast. U.S. stocks also turned lower as Wall Street digested inflation data. Oil prices jumped after an oil tanker was hijacked near the Gulf of Oman. Turkish lira hit a fresh record low against the U.S. dollar. Tesla's Chinese rival BYD surpassed Tesla as the top EV maker globally. Alliance Bernstein predicts a "good year" for the travel sector. European markets are set to open in positive territory.


Sentiment: MIXED

Tickers: TSLA.STOXX.N225.FTMIB.GDAXI.FCHIZE594-CNCMETSCO-GB@CL.1@LCO.1TRY=MKS-GB.FTSE

Keywords: economic eventsstoxx 600business newscme group incbreaking news: europesouth korealondonunited statesprices

Source: https://www.cnbc.com/2024/01/11/european-markets-live-updates-stocks-news-and-us-inflation-data-.html


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