European markets close lower, with eyes on Israel and Iran; rate repricing remains in focus
Publishing timestamp: 2024-04-19 11:37:12
Summary
European stock markets closed lower on Friday due to escalating tensions in the Middle East and repricing of interest rate expectations. Retail stocks lost after U.K. retail sales underperformed. Bitcoin rose above $64000 ahead of the upcoming halving event. Danish drinks company Royal Unibrew and cosmetics giant L'Oreal saw gains, while market research firm Ipsos dropped. Safe haven assets rose following reports of explosions in Iran. European Central Bank member Franois Villeroy de Galhau suggested cutting interest rates in June to avoid falling behind the inflation curve.
Sentiment: MIXED
Tickers: RBREW-DK, @LCO.1, NVDA, LHA-DE, ABB.N-CH, .IXIC, NOKIA-FR, .DJI, .STOXX, OR-FR, @CL.1, .SPX, IPS-FR, NOKIA-FI, JPY=, SPY, BTC.CM=, XAU=,
Keywords: nokia oyj, breaking news: europe, royal unibrew a/s, s&p 500 index, nasdaq composite, ipsos sa, abb ltd, united states, new york, stoxx 600, deutsche lufthansa ag, prices, l'oreal sa, christine lagarde, business news, switzerland, london, bitcoin/usd coin metrics,
Source: https://www.cnbc.com/2024/04/19/european-markets-open-to-close-oil-stocks-interest-rates.html