European markets close higher on inflation data boost; Stoxx 600 up over 1.4%
Publishing timestamp: 2023-01-04 05:28:01
Summary
European markets closed higher on Wednesday as inflation data out of France and Germany indicated that consumer price increases across euro zone are slowing. U.S. stocks wavered Wednesday and rates slid as investors looked ahead to release of more U.S. economic data. Shares of British online grocer Ocado climbed more than 7% to lead Stoxx 600 by mid-afternoon. Inflation in France slowed to 6.7% in December from record high of 7.1% previous month. Swiss power supplier BKW jumped 6% in early trade to lead Stoxx 600 after projecting "outstanding" full-year result for 2022. Goldman Sachs has out-of-consensus forecast for U.S. economy in 2023. European markets are heading for higher open Monday as investors gauge inflation outlook globally after positive signs from U.S. data last week.
Sentiment: POSITIVE
Tickers: .GDAXI, 0NUK-GB, TEN-IT, .FTSE, OCDO-GB, .STOXX, .FCHI, .FTMIB, BKW-CH,
Keywords: united states, tenaris sa, economic events, avanza bank holding ab, stoxx 600, ocado group plc, business news, breaking news: europe, bkw ag, royal unibrew a/s,