European markets close lower with euro zone inflation, Bank of England in focus; BNP tanks 8%
Publishing timestamp: 2024-02-01 11:31:20
Summary
European stocks closed lower after the Bank of England held interest rates steady and euro zone inflation figures gave a mixed picture. Mining stocks fell while oil and gas stocks rose. BNP Paribas shares lost 8% after reporting a sales miss. Adidas expects to double its operating profit in 2024 but its forecast was below analyst expectations. Volvo Cars surged after announcing it will stop funding Polestar Automotive. Shell beat expectations for full-year profit and announced a share buyback program. Deutsche Bank reported higher-than-expected net profit and plans to increase share buybacks and dividends. Investment bank Jefferies revealed its top stock picks.
Sentiment: MIXED
Tickers: SHEL-GB, .FTSE, 0AAK-GB, .FCHI, ROG-CH, BNP-FR, .FTMIB, .STOXX, DBK-FF, BAER-CH, .GDAXI, LLY, VLVOF, INGA-NL, ADS-DE, .BBKA,
Keywords: prices, shell plc, roche holding ag, adidas ag, ing groep nv, deutsche bank ag, business news, stoxx 600, julius baer gruppe ag, bnp paribas sa, breaking news: europe,