European stocks end April down 1.49%, posting first negative month since October
Publishing timestamp: 2024-04-30 11:54:09
Summary
European stocks closed lower after flurry of earnings and data weighed on investor sentiment. Euro zone inflation held steady at 2.4% in April, while GDP for the bloc rose 0.3% in the first quarter. U.S. stocks fell on disappointing earnings and inflation data. European auto sector declined following poor earnings from carmakers. HSBC announced the departure of its CEO, while German GDP increased by 0.2% in the first quarter. Volkswagen reported a 20% drop in operating profit, and Stellantis saw a 12% decline in revenue. Carlsberg posted higher sales in the first quarter. Bank of America and Goldman Sachs see positive news for equities in the week ahead.
Sentiment: MIXED
Tickers: .IXIC, CBGC-FF, .FTSE, APH, HSBC, RCL, .SPX, .GDAXI, .FTMIB, MBG-DE, MCD, HSBA-GB, .DJI, .FCHI, GS, VLTO, CMG, TSCO, .STOXX, RNO-FR, LHA-DE, AF-FR, LDOS, TT, STLA, VOW-FF, .DXY, MXEF, BSANX-CL, CARR,
Keywords: banco santander-chile, economic events, business news, united states, prices, jerome powell, hsbc holdings plc, breaking news: europe, stoxx 600, china,