Europe stocks close lower, snap three-week winning streak; UK and German data disappoints
Publishing timestamp: 2024-12-13 12:02:12
Summary
European markets closed lower on Friday due to disappointing data from the U.K. and Germany. The European Central Bank and Swiss National Bank cut interest rates, with Denmark's central bank also reducing rates. The U.S. Federal Reserve and Bank of England are expected to make rate decisions next week. Consumer confidence in the U.K. remains cautious, while Munich Re announced profit targets for 2024 and 2025. Emerging markets are popular due to improving economic growth and attractive valuations. European markets are expected to open lower on Friday.
Sentiment: MIXED
Tickers: .FTMIB, .FCHI, .IXIC, .FTSE, EUR=, GBP=, MUV2-DE, LLY, .GDAXI, .STOXX, .SPX, .DJI,
Keywords: cac 40 index, breaking news: markets, prices, markets, emmanuel macron, economic events, stock markets, s&p 500 index, business news, francois bayrou, dax, ftse 100, ftse mib, france, united states, stoxx 600,