European markets slightly higher on more earnings reports; Sweden's central bank cuts rates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2024
0mins
Source: CNBC
- European Markets: European markets slightly higher, Stoxx 600 up 0.1%, sectors mixed, BMW shares fell 3%, Siemens Energy shares jumped 12.8%.
- Asia-Pacific Markets: Mostly down, awaiting Toyota and Mitsubishi results, Dow Jones futures flat.
- Oil Prices: Lower as market digests data and demand outlook.
- AB InBev and Zalando: AB InBev shares up 4.3% on higher revenue, Zalando shares down 3.9% on sales dip.
- Sweden's Central Bank: Cut interest rates for the first time in eight years, may cut two more times if inflation eases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
