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European shares slip as industrials drag; focus on c.banks meetings

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September 19, 2023
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European shares slip as industrials drag; focus on c.banks meetings
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European shares slipped on Tuesday in choppy trading, as industrial stocks extended losses for a second straight session, while cautious investors awaited a slew of central bank decisions this week.

The pan-European STOXX 600 index slipped 0.1% by 0717 GMT.

Investors remained cautious ahead of interest rate decisions by major central banks this week, including the U.S. Federal Reserve on Wednesday and Bank of England, Swiss National Bank, Riksbank, and Norges Bank on Thursday.

Industrials stocks fell 0.5%, with Deutsche Post easing 2.7%.

Kingfisher dropped 5.2% after the European home improvement retailer cut its annual profit forecast.

Tour group TUI climbed 4.2% on confirming its full-year outlook for financial year 2023, citing strong bookings in the summer and upcoming winter season.

British online supermarket Ocado Retail maintained its full-year outlook, lifting parent companies Ocado Group and Marks & Spencer up 2.3% and 1.0%, respectively.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Tags: cbankscentral banksDragEuropeanEuropean sharesFocusindustrialsInnovationInterest ratemarket researchmeetingssharesslip
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