European stocks close higher despite Fed comments rattling global markets; LVMH shares up 3%
Publishing timestamp: 2024-04-17 11:43:21
Summary
European stocks closed higher despite global market volatility. LVMH shares climbed after modest sales growth, while Adidas raised its full-year forecast. ASML fell after missing sales forecasts. Geopolitical tensions in the Middle East pose a threat to the ECB's rate cut outlook. U.K. inflation eased in March. Investors are watching for signals on when the Bank of England may cut rates. Jefferies forecasts a significant increase in a cybersecurity company's share price. Analysts recommend buying dividend stocks in the current market environment.
Sentiment: MIXED
Tickers: .STOXX, MC-FR, .FTSE, .FCHI, .FTMIB, ASML, .GDAXI,
Keywords: prices, stoxx 600, united states, business news, breaking news: europe, jerome powell,
Source: https://www.cnbc.com/2024/04/17/european-markets-live-updates-stocks-news-data-and-earnings.html