European markets close slightly higher; euro zone GDP data shows Germany on the brink of recession
Publishing timestamp: 2024-01-30 12:03:11
Summary
European markets gained on Tuesday, reaching a fresh two-year high as investors analyzed preliminary fourth-quarter gross domestic product figures for the euro zone. The euro zone economy stabilized in the fourth quarter of 2023, narrowly avoiding a shallow recession. The International Monetary Fund raised its global growth forecast, citing the unexpected strength of the U.S. economy and fiscal support measures in China. However, Germany's economy contracted in the final three months of last year, putting it on the brink of a recession. French car maker Renault saw its shares jump after canceling plans for an initial public offering of its new electric vehicle and software business. British shop price inflation fell sharply in January to its lowest rate in almost two years. European markets are expected to open higher.
Sentiment: NEUTRAL
Tickers: TSLA, .GDAXI, .STOXX, .FCHI, RNO-FR, DHER-FF, @SP.1, WPP-GB, .FTSE,
Keywords: stoxx 600, business news, economic events, breaking news: europe,
Source: https://www.cnbc.com/2024/01/30/european-markets-live-updates-stocks-news-data-and-earnings.html