European markets tick lower as sentiment falters; Barclays ends up 8.6% on earnings
Publishing timestamp: 2024-02-20 11:58:24
Summary
European stocks ended slightly lower as global sentiment struggled, with mining and tech stocks falling while chemicals rose. Barclays shares rose after announcing operational overhaul. Bank of England Governor hinted at possible interest rate cuts. French industrial gases company Air Liquide saw gains. U.S. markets were lower after economic data raised concerns about Fed interest rate cuts. Stocks kicked off the week in the red. French automotive supplier Forvia saw a drop in shares after announcing cost-cutting project. Analysts cut target prices on the stock. Barclays and Air Liquide shares rose after positive results. Anglo American announced job cuts. Market players suggest 2024 is a stock picker's year. UBS uncovered overlooked stocks with upside potential. European markets set to open lower with earnings from Barclays, InterContinental Hotels Group, and Antofagasta expected. Euro zone current account figures for December are due.
Sentiment: MIXED
Tickers: .FTSE, .FCHI, .FTMIB, .SPX, .GDAXI, AI-FR, IHG-GB, BARC-GB, .IXIC, BCS, EO-FR, .DJI, .STOXX, @SP.1,
Keywords: stoxx 600, barclays plc, united states, intercontinental hotels group plc, economic events, breaking news: europe, air liquide, business news,
Source: https://www.cnbc.com/2024/02/20/european-markets-live-updates-stocks-news-data-and-earnings.html