9am Markets Update: Stocks struggling for clear direction as focus on interest rates increases

📆 2023-07-21 13:03:00

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Stocks struggled for direction as investors processed a busy day of corporate earnings and fresh signs of strength in the US and UK economies that may support the case for further interest-rate increa

ses.

SAP SE fell, dragging down technology shares and making them Europe’s worst-performing sector Friday, after the software company reported sales for its key cloud unit that missed analyst estimates. Bioprocessing company Lonza Group AG slumped after cutting its 2023 forecast. Contracts for ...

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