European stocks open lower as Wall Street rally takes a breather; Ocado up 4%

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European markets opened lower Tuesday as investors continue to ponder central bank policy decisions in Europe and the U.S. from last week.

index was down 0.12% in early deals as Monday's lackluster performance continued. Banks managed a gain of 0.3% while mining and oil and gas stocks led losses.were mixed Tuesday as the U.S. market took a breather after a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting.Bourses were mixed, with France's CAC 40 index up 0.05%, Germany's DAX trading flat and the U.K.'s FTSE 100 down 0.3%.

"Real income growth and a stable job market themselves provide good conditions for rapid improvement in consumer sentiment, but there's still a lack of planning security and optimism about the future among consumers."As high inflation appears to be waning, a long-neglected set of stocks stands to benefit from consumers settling into a new normal spending pattern, according to HSBC.

The investment bank named two stocks that will benefit from the emerging trend—one of which uses AI to enhance its products. The bank also expects the stock to rise by more than 85% over the next 12 months.has been in the spotlight over the past year, especially since its shares logged an astronomical 240% rise in 2023, on the back of the artificial intelligence buzz."Even if some may say it's not as expensive because earnings have gone up dramatically ...

 

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