European markets close slightly higher; Richemont up 5.3%
Publishing timestamp: 2024-05-20 11:57:09
Summary
European markets closed slightly higher on Monday after a strong run of gains stumbled at the end of last week. Stoxx 600 index closed up 0.2%, with most sectors ending in the green. Richemont rose 5.3% after reporting record sales and announcing a new CEO. Keywords Studios saw a 63% increase in shares after private equity group EQT confirmed advanced talks to buy the company. Ryanair reported record annual profit and announced a share buyback, but shares were 1.1% lower in morning deals. Wells Fargo expects a late-year rally in the S&P 500, while UBS argues that recent economic data supports the view that the Fed may start easing policy later this year.
Sentiment: MIXED
Tickers: .STOXX, CFR-CH, .FTSE, .FCHI, .SPX, .GDAXI, KWS-GB, RYA-IE, .DJI, .FTMIB,
Keywords: business news, united states, ryanair holdings plc, stoxx 600, breaking news: europe, economic events, compagnie financiere richemont sa, prices,
Source: https://www.cnbc.com/2024/05/20/european-markets-live-updates-stocks-news-data-and-earnings.html