European shares opened mixed on Friday after benchmarks in Asia dipped, following Wall Street down amid more signals the U.S. economy may be slowing.
A person walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, April 21, 2023 in Tokyo. Shares are weaker in Asia after benchmarks dipped on Wall Street following mixed earnings reports from big companies and more signals the U.S. economy may be slowing.
But other issues such as Federal Reserve's next policy meeting, in May, and the looming expiration of the U.S. national debt ceiling are coming into focus, Stephen Innes of SPI Asset Management said in a commentary. Germany's DAX lost 0.2% to 15,763.02. In Paris, the CAC 40 was down 0.1%, at 7,548.64. Britain's FTSE rose 0.3% to 7,921.76.In Asian trading, Tokyo's Nikkei 225 index lost 0.3% to 28,564.37. The Kospi in Seoul dropped 0.7% to 2,544.40. Hong Kong's Hang Seng gave up 1.6% to 20,075.73.On Thursday, the S&P 500 fell 0.6%, weighed down by Tesla on worries about how much profit it’s making on each of its electric vehicles.
AT&T sank 10.4% after it reported slightly weaker revenue than analysts forecast, though profit squeaked past expectations. Analysts also pointed to weaker cash flow than some expected. It was the worst day for its stock in two decades and its second-worst since late 1983. Lam Research, a supplier for the semiconductor manufacturing industry, rose 7.2% after it reported profit and revenue for the latest quarter that beat Wall Street’s forecast.
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