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European markets tick lower as sentiment falters; Barclays ends up 8.6% on earnings
Wednesday, 21 February 2024 00:01 WIB | HOME |Stoxx 600saham-saham eropa

European stocks ended the day slightly lower on Tuesday as sentiment struggled to pick up in global markets.

The pan-European Stoxx 600 index provisionally closed down 0.1%, breaking a run of four positive sessions that took it near to record highs.

Mining stocks fell 1.84%, as tech dropped 1.7%, while chemicals jumped 2.5%.

Shares of Barclays rose 8.6% after the lender announced a major operational overhaul including substantial cost cuts, asset sales and a reorganization of its business divisions in its fourth-quarter results.

That came after economic data raised concerns that the U.S. Federal Reserve may not begin cutting interest rates as soon, or by as much, as market participants expected this year. U.S. markets were closed Monday for the Presidents Day holiday.

Source: CNBC

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