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: .FTMIB, BT.A-GB, .GDAXI, .DJI, SIE-DE, .FCHI, .STOXX, ZUR.N-CH, EZJ-GB, .SPX, .IXIC, .FTSE,
Keywords: breaking news: europe, swiss re ag, stoxx 600, easyjet plc, prices, zurich insurance group ag, business news, economic events, united states,
Source: https://www.cnbc.com/2024/05/16/european-markets-live-updates-fed-reaction-stocks-news-and-data.html