European stocks close slightly lower as Davos draws to close; UK retail sales drop
Publishing timestamp: 2024-01-19 11:37:12
Summary
The European stock markets closed slightly lower, with mining stocks leading losses and technology stocks rising. The World Economic Forum in Davos came to a close, and messaging from monetary policymakers suggested that a market pricing cut from the European Central Bank may be premature. U.K. retail sales dropped significantly more than expected, indicating a possible recession. Chip stocks in Asia surged following Taiwan Semiconductor Manufacturing Company's upbeat forecast. Several sectors and stocks in Asia Pacific are considered attractive, and dividend stocks in the region outperformed the broader market. Some S&P 500 names, including Advanced Micro Devices and Nvidia, reached 52-week highs.
Sentiment: MIXED
Tickers: XOM, FLTR-GB, MAERSK.B-DK, HLT, WDC, 2330-TW, NVDA, HUM, WOSG-GB, DVN, DP4H-FF, .STOXX, MAR, BSX, NOW, CFR-CH, ISRG, IR, DPZ, AMD, TEP-FR, HLAG-DE,
Keywords: stoxx 600, business news, harbour energy plc, antony blinken, flutter entertainment plc, watches of switzerland group plc, davos, switzerland, taiwan semiconductor manufacturing co ltd, breaking news: europe, teleperformance se, ap moeller - maersk a/s, compagnie financiere richemont sa, foreign policy, hapag lloyd ag,
Source: https://www.cnbc.com/2024/01/19/european-markets-live-updates-stocks-news-data-and-davos.html