European markets close higher despite unclear rate cut outlook; BP up 5%
Publishing timestamp: 2024-02-06 12:02:50
Summary
European markets closed higher despite uncertainty about interest rate cuts. BP saw gains after announcing plans to boost shareholder returns, while UBS fell despite beating earnings expectations. Retail sales in the Eurozone and the UK slowed, but German factory orders rose unexpectedly. There are opportunities in the banking sector, according to a fund manager. European markets are expected to open higher, and earnings are expected from UBS, BP, and Spotify.
Sentiment: NEUTRAL
Tickers: .FCHI, UBSG-CH, BP.-GB, SPOT, .FTMIB, UBS, .BKX, .GDAXI, .STOXX, .FTSE,
Keywords: breaking news: europe, ubs group ag, united states, stoxx 600, spotify technology sa, business news, bp plc, jerome powell, economic events,
Source: https://www.cnbc.com/2024/02/06/european-markets-live-updates-stocks-news-data-and-earnings.html