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European markets close higher as traders assess possible rate cuts, fresh PMI data - TL;DR CNBC

European markets close higher as traders assess possible rate cuts, fresh PMI data

Publishing timestamp: 2024-05-06 11:34:31


Summary

European markets closed higher on Monday as traders assessed the possibility of rate cuts following softer-than-expected U.S. jobs data. The S&P composite final purchasing managers' index for the euro zone also showed business activity expanding at its fastest pace in almost a year. Individual stocks like PostNL and Volvo Cars saw mixed results in trading.


Sentiment: NEUTRAL

Tickers: .STOXX.GDAXIPNL-NL.FCHI8JO0-FF.FTMIB.FTSE

Keywords: personnelxi jinpingvolvo car abpostnl nvasia economyftse 100breaking news: europeinvestment strategycac 40 indexdaxpricesemmanuel macronbusiness newslabor economystoxx 600united statesftse mibworld economymarketsworld marketslondon

Source: https://www.cnbc.com/2024/05/06/european-markets-open-to-close-earnings-data-and-news.html


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