European Stocks Seen Opening Mixed Amid Economic Uncertainty

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 23 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

Business News

European Stocks,Economic Uncertainty,Growth Outlook

European stocks are anticipated to open with mixed results on Tuesday, influenced by lingering economic uncertainty and concerns regarding Europe's growth prospects. This follows a decline in UniCredit shares after German Chancellor Olaf Scholz criticized the bank's recent actions.

LONDON — European stocks are expected to open in mixed territory Tuesday as economic uncertainty and concerns over Europe's growth outlook return to the fore.24/7 New York news stream: Watch NBC 4 free wherever you areTuesday after the stock fell around 5.7% Monday after German Chancellor Olaf Scholz criticized what he described as UniCredit's"hostile" and"unfriendly" move on the bank, Reuters reported.

9%, signaling a takeover bid might be on the cards.Asia-Pacific marketsfor banks by 50 basis points, although it did not provide a specific timeline. It also announced it would cut the seven-day reverse repurchase rate from 1.7% to 1.5%,The gains were modest but appeared to be a continuation of last week's rally after the U.S. Federal Reserve cut interest rates by half a percentage point. The fed funds rate now sits at a range of 4.75% to 5.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 270. in US

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.

European stocks mixed; PMIs, Commerzbank in spotlightEuropean stocks mixed; PMIs, Commerzbank in spotlight
Source: Investingcom - 🏆 450. / 53 Read more »

European Stocks Mixed Ahead Of US Fed And Bank Of England DecisionsEuropean stocks were mixed on Monday as investors prepared for a crucial week of interest rate decisions from the U.S. Federal Reserve and the Bank of England.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »