European stocks open lower as Wall Street rally takes a breather; Ocado up 4%

index was down 0.12% in early deals as Monday's lackluster performance continued. Banks managed a gain of 0.3% while mining and oil and gas stocks led losses.were mixed Tuesday as the U.S. market took a breather after a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting.Bourses were mixed, with France's CAC 40 index up 0.05%, Germany's DAX trading flat and the U.K.'s FTSE 100 down 0.3%.

"Real income growth and a stable job market themselves provide good conditions for rapid improvement in consumer sentiment, but there's still a lack of planning security and optimism about the future among consumers."As high inflation appears to be waning, a long-neglected set of stocks stands to benefit from consumers settling into a new normal spending pattern, according to HSBC.

The investment bank named two stocks that will benefit from the emerging trend—one of which uses AI to enhance its products. The bank also expects the stock to rise by more than 85% over the next 12 months.has been in the spotlight over the past year, especially since its shares logged an astronomical 240% rise in 2023, on the back of the artificial intelligence buzz."Even if some may say it's not as expensive because earnings have gone up dramatically ...

South Africa South Africa Latest News, South Africa South Africa Headlines

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

European stocks head for mixed open as Wall Street rally takes a breatherEuropean markets are heading for a lackluster open Tuesday as investors continue to ponder central bank policy decisions in Europe and the U.S. from last week.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Stock market today: World markets are mostly lower after retreat on Wall StreetShares have retreated in Europe and Asia after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Global shares trade mixed despite Wall Street's record rallyGlobal shares are mixed in muted trading as optimism set off by a record rally on Wall Street gradually ran out of momentum.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%Asian shares are mostly lower after Wall Street's huge rally faltered last week.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%Asian shares are mostly lower after Wall Street's huge rally faltered last week.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares mostly rise after Wall Street's record rallyAsian shares are mostly rising, encouraged by a record rally on Wall Street. Benchmarks gained Wednesday in Sydney, Seoul and Hong Kong. Tokyo's Nikkei 225 lost morning gains to slip in afternoon trading. Also on investors' minds is the Japanese yen's rise against the U.S.
Source: AP - 🏆 728. / 51 Read more »