ASML Holding N.V. (ASML): A Bull Case Theory

Yahoo Finance53minutes ago

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New Buy Rating for ASML Holding (ASML), the Technology Giant

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European stock markets fell as the Federal Reserve turned hawkish on interest rate prospects.

European stock markets fell after hawkish remarks from the Federal Reserve indicated that interest rate cuts next year would be fewer than expected. The Stoxx Europe 600 Index closed down 1.5%, with all sectors declining. Semiconductor stocks also fell after Micron Technology issued a disappointing revenue forecast, dragging down European chip equipment manufacturers including ASML Holding and BE Semiconductor Industries NV. Federal Reserve officials cut rates by 25 basis points as expected, but adjusted the outlook for further rate cuts next year, as the 2% inflation target remains difficult to reach. The US stock market rebounded slightly on Thursday, indicating the previous trading.

Global Market BroadcastDec 19 12:17 ET