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European markets close lower as travel and leisure stocks lead losses; Ocado up almost 10% - TL;DR CNBC

European markets close lower as travel and leisure stocks lead losses; Ocado up almost 10%

Publishing timestamp: 2024-05-28 11:40:05


Summary

European markets closed lower as investors await inflation data, with Stoxx 600 falling 0.6%. ECB policymakers hint at possible rate cut in June. Nasdaq Composite hits new record. Oil prices rise ahead of OPEC+ meeting. Federal Reserve's Kashkari says significant progress on inflation needed before rate cut. Semiconductor industry set for changes, with Citi naming stocks to watch.


Sentiment: NEUTRAL

Tickers: OCDO-GB.IXIC.DJISMCI.STOXX.SPX@CL.1@LCO.1HEL.N-CH

Keywords: stoxx 600marketsbusiness newsstock marketsbreaking news: marketss&p 500 indexocado group plc

Source: https://www.cnbc.com/2024/05/28/european-markets-open-to-close-ftse-100-dax-cac-40.html


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