European stocks saw a negative start Tuesday, as markets continue to focus on news and comments from the World Economic Forum in Davos, Switzerland.
The regional Stoxx 600 index was down 0.57% at 9:50 a.m. London time as all sectors fell into the red. Banks led losses, down 1.47%.
The annual forum steps up a gear Tuesday with special addresses by Chinese Premier Li Qiang, European Commission President Ursula von der Leyen, U.S. National Security Advisor Jake Sullivan and Ukrainian President Volodymyr Zelenskyy.
At this year’s forum, titled “Rebuilding Trust,” global business and political leaders will meet in the Swiss ski resort to discuss pressing economic and geopolitical matters, ranging from inflation and supply chains to artificial intelligence, war and security challenges.
Asia-Pacific markets fell overnight, with Japanese stocks also halting their record-breaking rally since the start of the year.
U.S. stock futures were also lower as Wall Street awaits December retail sales data due Wednesday and bank earnings that will provide a better picture of the state of the American consumer.
Source: https://www.cnbc.com/2024/01/16/european-markets-live-updates-stocks-news-and-davos-latest.html
