Chip stocks slip, keeping European shares muted ahead of data-heavy week

📆 8/26/2024 1:01 PM
📰 KitcoNewsNOW

⏱ Reading Time:
21 sec. here
31 min. at publisher
📊 Quality Score:
News: 113%
Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Aug 26 - European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked ahead to several key economic data releases this week for more clues on the path of monetary policy.

Investors await key economic data this week for more signals on the policy path for the European Central Bank, which meets on Sept. 12. Traders have broadly priced in a 25 basis point rate cut. "The German economy seems to be back where it was a year ago: the growth laggard of the eurozone with little signs of an imminent improvement," said Carsten Brzeski, Global Head of Macro at ING.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia stock surges as chip stocks lead market reboundNvidia shares rallied Thursday with the broader markets after an attempted rebound
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »