European markets close lower; Raiffeisen Bank down 7.4%
Publishing timestamp: 2024-03-11 12:50:37
Summary
European markets closed lower on Monday, with technology stocks leading losses. Raiffeisen Bank and Telecom Italia saw significant declines. U.S. stocks also fell in early trading, with investors awaiting inflation data later in the week. Ark Invest's Tasha Keeney predicts a significant increase in equity market capitalization attributable to innovation, particularly in AI. Outperforming fund manager Stephanie Niven highlighted a semiconductor equipment stock as a potential beneficiary of the AI boom. European markets are expected to open lower on Tuesday.
Sentiment: MIXED
Tickers: .STOXX, .DJI, .IXIC, .FTMIB, TIT-IT, .GDAXI, BESI-NL, .SPX, .FCHI, .FTSE,
Keywords: business news, telecom italia spa, breaking news: europe, stoxx 600,
Source: https://www.cnbc.com/2024/03/11/european-markets-set-to-start-the-week-on-a-negative-note.html