European markets close higher to start the week; Commerzbank down 3.4%
Publishing timestamp: 2024-01-22 12:04:19
Summary
The European markets started the week positively, with the pan-European Stoxx 600 index closing 0.78% higher. Stocks extended gains after the U.S. open, with the Dow Jones Industrial Average and S&P 500 reaching record highs. Technology stocks rallied, while Commerzbank slipped after a downgrade. French lottery operator La Francaise des Jeux jumped on news of an acquisition. Swiss heating and ventilation business Belimo saw its shares fall. Asian markets were mixed, and the Bank of Japan and European Central Bank will announce their monetary policy decisions this week. U.S. stocks also opened higher. Gold prices are expected to rise, and the anti-obesity drug market is expected to remain in focus. The biopharmaceutical sector is seen as a safe haven. European markets are set to open positively, and flash euro zone consumer confidence data is due.
Sentiment: NEUTRAL
Tickers: CBK-DE, .SPX, .DJI, .STOXX, LLY, .FTSE, .FCHI, .FTMIB, .GDAXI, NOVO.B-DK,
Keywords: breaking news: europe, china, commerzbank ag, dow jones industrial average, business news, stoxx 600, breaking news: economy, economy, s&p 500 index,
Source: https://www.cnbc.com/2024/01/22/european-markets-live-updates-stocks-news-data-and-earnings.html