European markets to open lower after snapping nine-day winning streak
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
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Source: CNBC
- European Markets: European markets are set to open lower after a nine-day winning streak ended due to earnings concerns.
- Earnings Reports: Richemont and Engie are expected to report earnings, while inflation updates are awaited from the U.K. and euro zone.
- Stock Market Trends: BofA Securities identified 20 key Asian stocks that have historically outperformed in rising markets.
- Meme Stocks: Meme stocks like GameStop and AMC saw significant volatility this week, with one analyst highlighting them as in the "danger zone."
- Market Openings: The FTSE 100, DAX, CAC, and FTSE MIB are expected to open lower, according to IG data.
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.
