European markets close slightly lower as investors digest fresh economic data; German inflation falls
Publishing timestamp: 2024-02-09 11:54:47
Summary
The article discusses European markets closing slightly lower, with tech stocks higher and food and beverage stocks lower. L'Oreal reported lower-than-expected sales, while Hermes had strong earnings. German inflation fell in January. The Nikkei hit a 34-year high in Asia-Pacific. US stocks gained after the S&P 500 crossed the 5000 milestone. Barclays agreed to buy Tesco's banking business. Ubisoft shares rose after a positive earnings report. Concerns over geopolitical tensions and corporate earnings volatility have led investors to seek safe-haven assets. One European index is recommended for investment during uncertain periods.
Sentiment: MIXED
Tickers: .N225, .GDAXI, OR-FR, 7974.T-JP, RMS-FR, TSCO-GB, .STOXX, UBI-FR, ULVR-GB, .FTSE, .FCHI, .FTMIB, BCS,
Keywords: hermes international sca, stoxx 600, breaking news: markets, japan, business news, stock markets, unilever plc, markets, germany, economic events, l'oreal sa,
Source: https://www.cnbc.com/2024/02/09/european-markets-open-to-close-earnings-data-and-news.html