Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Europe open: Shares down after ECB's Holzmann comments on rates
(Sharecast News) - European stocks were markedly lower at the open on Tuesday as comments from a European Central Bank member on the timing of rate cuts dampened sentiment. The pan-regional Stoxx 600 was down 0.71% at 470.8 in early deals with all major bourses in the red.
ECB Governing Council member Robert Holzmann on Monday said the bank may and hold off on starting interest rate cuts during the whole of 2024.
Holzman, who heads Austria's central bank, told CNBC at the Davos economic summit: "I cannot imagine that we'll talk about cuts yet, because we should not talk about it. Everything we have seen in recent weeks points in the opposite direction, so I may even foresee no cut at all this year."
Tensions in the Red Sea were heightened further when a US fighter aircraft shot down an anti-ship cruise missile fired from a Houthi-controlled area of Yemen at one of its warships in the Red Sea, the US military said on Sunday night. Oil prices skipped above $78 on fears of supply disruption while Qatar said it was pausing LNG shipments in the region pending security advice.
In the UK, wage growth, excluding bonuses, slowed to 6.6% in September - November, down from 7.2% in the three months to October.
Job vacancies were 49,000 lower from October to December, down for the 18th straight data release.
In equity news, Lindt & Spruengli jumped after the Swiss chocolate maker said its 2023 sales growth beat market expectations, boosted by higher product prices.
Ocado Retail gained as the Online grocer forecast a return to positive earnings for 2022/23 year as the fourth-quarter revenues rose by almost 11%.
"Our trading performance, and our focus on costs, has translated through to our bottom line, returning to positive EBITDA for the full year," the joint venture said.
Reporting by Frank Prenesti for Sharecast.com
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.