European markets close mixed ahead of Fed rate decision; Raiffeisen Bank falls 8.7%
Publishing timestamp: 2024-03-20 12:57:11
Summary
European markets closed mixed as investors awaited the latest monetary policy decision from the U.S. Federal Reserve. Luxury goods stocks fell after Kering issued a profit warning on declining Asia sales. U.K. inflation came in lower than expected. Shares of Raiffeisen plunged after reports of U.S. pressure to abort a deal with a Russian tycoon. Prudential reported a rise in full-year profits, while Investec saw double-digit earnings growth. U.S. stocks opened flat as investors awaited the Fed's policy decision. Eight analysts upgraded target prices on two Canadian stocks with over 65% upside potential. UBS named high conviction buy ideas across Europe and Asia. European markets are set to open lower.
Sentiment: MIXED
Tickers: .STOXX, CDI-FR, .GDAXI, MC-FR, .FCHI, INVP-GB, PUK, KER-FR, .FTMIB, RMS-FR, BRBY-GB, .FTSE,
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