Europe stocks close lower as earnings roll in; ING up 6.5%; traders react to Fed decision
Publishing timestamp: 2024-05-02 11:57:56
Summary
European stocks closed lower as global markets reacted to corporate earnings and the U.S. Federal Reserve's monetary policy decision. Stoxx 600 index closed down 0.2%, with sectors seeing both losses and gains. Central bank kept rates steady, and Fed Chair Powell hinted that the next move might not be a rate hike. Earnings reports from companies like Novo Nordisk, Shell, ING, Hugo Boss, Pandora, and Universal Music Group influenced market movements. U.S. stocks advanced, and Citi refreshed its list of "highest conviction ideas" in Europe.
Sentiment: MIXED
Tickers: SHELL-NL, .FTMIB, UMGP, .FTSE, .STOXX, NOVO.B-DK, .GDAXI, INGA-NL, 3P7-FF, SHEL-GB, .FCHI, PNDORA-DK,
Keywords: pandora a/s, jerome powell, novo nordisk a/s, stoxx 600, shell plc, ing groep nv, business news, united states, prices, breaking news: europe,
Source: https://www.cnbc.com/2024/05/02/european-markets-live-updates-stocks-news-fed-reaction-earnings.html