European stocks close higher as sentiment remains cautious; Saab, Siemens Energy climb
Publishing timestamp: 2024-02-12 11:59:17
Summary
European markets started the week higher, with the pan-European Stoxx 600 closing 0.5% higher. Retail stocks led gains, and food delivery firm Just Eat was the top performer. Swedish defense firm Saab and Siemens Energy also saw gains. The regional Stoxx index has had a muted February so far, despite individual stock movements. This week will see reporting from European businesses and global companies like Sony, Coca-Cola, and Airbnb. U.S. stocks nudged higher on Monday, and the U.S. consumer price index will be released on Tuesday. European stocks opened higher, but gains were cautious. Falling yields may prompt investors to consider fixed income markets. The S&P 500 reached a record high, but some believe it still has room to grow. Tech stocks have already had a good run, and investors can consider Citi's list of top "high-conviction" picks for more upside in the tech sector.
Sentiment: NEUTRAL
Tickers: ULVR-GB, RI-FR, AIR-FR, SONY, NWG-GB, 6758.T-JP, BL15-GB, DHER-DE, .IXIC, ENR-DE, HEINY, ABNB, OR-FR, RMS-FR, TKWY-NL, .DJI, .STOXX, KO, SAAB.B-SE, SDV-FF, RNO-FR, CBK-DE, .SPX,
Keywords: commerzbank ag, markets, breaking news: markets, business news, stock markets, economic events, stoxx 600, airbnb inc, heineken nv, hermes international sca, renault sa, s&p 500 index, airbus se, sony group corp, siemens energy ag, saab ab, germany, delivery hero se, l'oreal sa, japan, just eat takeaway.com nv, coca-cola co, pernod ricard sa, natwest group plc, unilever plc,
Source: https://www.cnbc.com/2024/02/12/european-markets-open-to-close-ftse-cac-40-dax.html