European markets close 1.1% higher as UK's FTSE 100 hits another record
Publishing timestamp: 2024-04-23 11:59:26
Summary
European markets closed higher on Tuesday, with the U.K.'s FTSE 100 hitting a fresh intraday record high. Investors were optimistic about strong euro zone business activity data and potential interest rate cuts. Bank of England's chief economist made hawkish comments, causing some volatility. U.S. stocks also opened higher, with a focus on upcoming tech earnings. Euro zone business activity expanded, and some companies like Associated British Foods and Novartis reported positive results, while Randstad saw a decline. Oil prices dipped due to easing geopolitical tensions. European markets are expected to open positively the next day.
Sentiment: NEUTRAL
Tickers: .FTSE, .SPX, .STOXX, @LCO.1, NVS, ABF-GB, .GDAXI, .FTMIB, GBP=, .FCHI, TSLA, @CL.1, NOV.N-CH,
Keywords: novartis ag, stoxx 600, united states, business news, economic events, tesla inc, breaking news: europe,
Source: https://www.cnbc.com/2024/04/23/european-markets-live-updates-stocks-news-pmi-data-and-earnings.html