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European markets close lower as momentum falters; tech stocks hold gains - TL;DR CNBC

European markets close lower as momentum falters; tech stocks hold gains

Publishing timestamp: 2024-04-24 12:08:49


Summary

European markets closed lower on Wednesday, losing momentum from earlier in the week. Tech stocks held on to gains, while financial services dropped. UBS shareholders approved changes to the bank's bond system. Appaloosa filed a lawsuit against former Credit Suisse. ASM International saw a rise in its stock after reporting higher revenue. Kering's stock dropped after warning of a sharp downturn in profits. Intel's latest AI chip launch is expected to benefit global semiconductor companies. Gold and copper prices are rising due to geopolitical tensions and increased demand. European markets are set to open positively.


Sentiment: MIXED

Tickers: UBS.STOXXASM-NLINTCTSLA.GDAXI.IXIC.DJI.FCHIKER-FR.FTSE.SPXNVDA.FTMIBVLVOF

Keywords: nasdaq compositetesla incs&p 500 indexbreaking news: europebusiness newsstoxx 600volvo car abdow jones industrial averageftse 100germany

Source: https://www.cnbc.com/2024/04/24/european-markets-live-updates-stocks-news-data-and-earnings.html


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