European markets flat amid AI valuation concerns; Novo Nordisk falls 2% [MSNBC.com]
INTL CONSL AIRLNS S/ADR (ICAGY)
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Source: MSNBC.com
European stocks closed lower on Thursday. Drinks giantDiageoAs earnings continue, among those reporting on Friday are Richemont, International Consolidated Airlines Group SA, Daimler Truck Holding AG, Amadeus IT Group SA, Cellnex Telecom SA and OTP Bank NYRT.Investors will also be paying attention to a swathe of data, including import and export data in Germany and French trade figures. The U.K.'s House Price Index is also expected today.The releases follow central bank decisions thatsaw the Bank of EnglandBOE Governor Andrew Bailey signaled to CNBC that rate cuts are coming, with economists now pricing in a pre-Christmas rate cut."We're past peak-restrictiveness, which is what you'd expect given that we've cut interest rates five times [since Aug. 2024]. For my part, I feel policy is still restrictive, but it's past peak restriction," Bailey told CNBC's Ritika Gupta.
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