Europe's benchmark Stoxx 600 index closes at all-time high after data points to an economic recovery
Publishing timestamp: 2024-02-22 12:03:30
Summary
European stocks hit record highs as investors assess earnings and economic data. Euro zone business activity shows improvement, while U.S. markets also perform well. Federal Reserve Governor anticipates interest rate cuts. Rolls-Royce and Mercedes-Benz report strong earnings, while Nestle and Delivery Hero face challenges. JP Morgan identifies top European stocks with upside potential. Treasury yields drop, leading investors to seek other income-generating assets.
Sentiment: MIXED
Tickers: .GDAXI, TEF-ES, WPP-GB, LLOY-GB, MBG-DE, .FTSE, RR.-GB, .FCHI, .FTMIB, .STOXX,
Keywords: breaking news: europe, wpp plc, business news, stoxx 600, telefonica sa, rolls-royce holdings plc, japan, lloyds banking group plc,
Source: https://www.cnbc.com/2024/02/22/european-markets-live-updates-stocks-news-data-and-earnings.html