European markets close lower as investors monitor global IT failures
Publishing timestamp: 2024-07-19 12:04:48
Summary
European markets closed lower as global IT outage linked to cybersecurity firm CrowdStrike persisted, impacting businesses and crucial services. Many sectors, including travel, were affected. U.S. markets also fell as Wall Street monitored rotation from big tech into small cap stocks. CrowdStrike's CEO confirmed fix had been deployed but did not provide details on how long issues could last. Earnings and trading updates were out from Danske Bank, Burberry, and Hermes.
Sentiment: NEGATIVE
Tickers: BRBY-GB, CRWD, DSN-FF, DANSKE-DK, RMS-FR, .STOXX,
Keywords: stock markets, business news, breaking news: markets, burberry group plc, danske bank a/s, markets, hermes international sca,
Source: https://www.cnbc.com/2024/07/19/european-markets-open-lower-as-investors-digest-ecb-decision.html