European markets close higher as investors look ahead to U.S. inflation data
Publishing timestamp: 2023-01-11 05:23:58
Summary
European markets closed higher as investors geared up for more inflation data this week. U.S. Federal Reserve Chairman Jerome Powell emphasized the need for the central bank to be free of political influence while tackling persistently high inflation. U.S. stock futures were higher on Wednesday as Nasdaq looked to extend its three-day winning streak. Retail stocks saw the largest uptick in Europe, while U.K. insurer Direct Line plunged 24% after announcing it would ditch its final dividend for 2022. LVMH chairman and CEO Bernard Arnault changed the top leadership team of his luxury goods empire, and the French economy is resisting better than expected. Cryptocurrencies inched higher after Coinbase announced plans to trim 20% of its workforce. European markets are heading for a higher open Monday as investors gauge inflation outlook globally.
Sentiment: POSITIVE
Tickers: QUOTES, .IXIC, .GDAXI, UK30Y-GB, .SPX, .FTMIB, .FTSE, GB20Y-GB, COIN, ETH.CM=, .STOXX, BTC.CM=, .FCHI, .DJI, UK10Y-GB,
Keywords: united states, stoxx 600, jerome powell, business news, breaking news: europe,
Source: https://www.cnbc.com/2023/01/11/european-markets-live-updates-stocks-data-earnings-and-news.html