European stocks slip as many markets closed and investors mull US debt-ceiling deal via IrishTimesBiz
lost 1 per cent to €16.71. However, analysts at Cantor Fitzgerald Ireland were pushing the stock as a buy on Monday with a price target of €19.44.Shares of SBB advanced 2.6 per cent from record lows as the struggling Swedish real estate group is broadening a strategic review to include a potential sale of the whole company or some of its business segments. Fitch on Friday cut its credit rating to so-called junk status, citing insufficient deleveraging.
Meanwhile, French economy minister Bruno Le Maire is in “very close discussions” with credit ratings agency Standard and Poor’s, which put France on notice in January for a possible downgrade, prime minister Elisabeth Borne noted.Elsewhere, Turkish president Recep Tayyip Erdogan extended his two decades in power in elections on Sunday, winning a mandate to pursue increasingly authoritarian policies, which have polarised the country and strengthened its position as a regional military power.
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