European markets close lower as ECB members talk rate cuts at Davos; Hugo Boss down 9%
Publishing timestamp: 2024-01-16 11:36:22
Summary
The European stock market closed lower as investors focused on news from the World Economic Forum in Davos. Utilities led losses, and fashion brand Hugo Boss saw a steep decline after missing earnings forecasts. European Central Bank officials expressed divergent views on interest rate cuts. Asian markets fell, and U.S. stocks were lower as investors awaited retail sales data and bank earnings. Shares of Harbour Energy rose after being described as a "sleeping giant." Other topics discussed include the performance of other companies, wage growth in the UK, and the outlook for interest rates.
Sentiment: MIXED
Tickers: HBR-GB, CBK-DE, .FCHI, .GDAXI, .STOXX, DBK-DE, .FTSE, BOSS-DE, .FTMIB, OCDO-GB, CSCO,
Keywords: volodymyr zelenskyy, business news, united states, stoxx 600, ursula von der leyen, hugo boss ag, national security, breaking news: europe,
Source: https://www.cnbc.com/2024/01/16/european-markets-live-updates-stocks-news-and-davos-latest.html