HomeAbout

TL;DR CNBC


Europe stocks close lower as earnings dampen rally following soft U.S. inflation data; BT up 17% - TL;DR CNBC

Europe stocks close lower as earnings dampen rally following soft U.S. inflation data; BT up 17%

Publishing timestamp: 2024-05-16 12:04:54


Summary

European stocks closed lower as earnings weighed on relief rally following softer-than-expected U.S. inflation data. BT closed 17% higher after cost-cutting program, EasyJet fell 7.2%, insurance stocks gained, Siemens reported drop in profit, EasyJet posted larger than expected pre-tax loss, Citi named under-the-radar company to buy on "data and AI opportunity," India's mid-cap stocks seen as in "bubble." European markets expected to open higher.


Sentiment: MIXED

Tickers: .FTMIBBT.A-GB.GDAXI.DJISIE-DE.FCHI.STOXXZUR.N-CHEZJ-GB.SPX.IXIC.FTSE

Keywords: breaking news: europeswiss re agstoxx 600easyjet plcpriceszurich insurance group agbusiness newseconomic eventsunited states

Source: https://www.cnbc.com/2024/05/16/european-markets-live-updates-fed-reaction-stocks-news-and-data.html


Developed by Leo Phan