European markets close down 1% after hotter-than-expected U.S. inflation
Publishing timestamp: 2024-02-13 11:49:29
Summary
3) European markets closed lower as investors assessed corporate earnings reports and U.S. inflation data. The tech sector and financial services stocks experienced losses. The higher-than-expected U.S. inflation raised doubts about interest rate cuts. German investor sentiment improved, but the assessment of the current economic situation dropped. Tech stocks fell, while oil and gas stocks climbed. Michelin reported record annual profit, and TUI swung to a quarterly operating profit. The article also mentions the performance of various indices and provides insights on the Chinese economy and value stocks.
Sentiment: MIXED
Tickers: HFG-DE, .GDAXI, .FTSE, .STOXX, ML-FR, ASML-NL, BESI-NL, .FCHI, HFG-FF, RNO-FR, HEINY, .SPX, .DJI, BL15-GB, TUI1-DE, AIR-FR,
Keywords: dax, tui ag, hellofresh se, stoxx 600, ftse 100, business news, banks, compagnie generale des etablissements michelin sca, markets, dow jones industrial average, investment strategy, cac 40 index, s&p 500 index, wall street, asml holding nv, be semiconductor industries nv,
Source: https://www.cnbc.com/2024/02/13/europe-markets-open-to-close-earnings-us-inflation-in-focus.html