European markets close higher on U.S. inflation data; Neste shares fall 14%
Publishing timestamp: 2024-05-15 11:41:43
Summary
European markets closed higher on Wednesday as global investors reacted to cooler-than-expected U.S. inflation data. ABN Amro and Commerzbank reported strong first-quarter net profits, while Burberry warned of a challenging outlook. S&P 500 and Nasdaq Composite hit new all-time highs. TUI reported record revenue for the first fiscal quarter. Experian led gains in the FTSE 100. Oil demand forecast lowered by International Energy Agency. GameStop and AMC Entertainment spike in trading benefiting certain companies. Goldman Sachs sees potential upside in favorite stocks. European markets expected to open higher. Earnings due from various companies and euro zone GDP reading also expected.
Sentiment: MIXED
Tickers: .DJI, .FCHI, @DJ.1, .SPX, .FTSE, KER-FR, @SP.1, .STOXX, LVMHF, .IXIC, .FTMIB, .GDAXI, AMC, CBK-DE, BRBY-GB, @ND.1, MC-FR, GME, IDS-GB,
Keywords: breaking news: europe, commerzbank ag, burberry group plc, kering sa, jerome powell, stoxx 600, united states, business news, prices, abn amro bank nv, lvmh moet hennessy louis vuitton se,
Source: https://www.cnbc.com/2024/05/15/european-markets-live-updates-us-inflation-data-stocks-and-news.html