European markets close higher as travel stocks get a boost; German inflation lower than expected
Publishing timestamp: 2023-01-03 07:29:37
Summary
European markets closed higher Tuesday as investors assessed China's reopening and digested inflation data. Germany published lower-than-expected inflation figures for December, while Asia-Pacific markets were mixed. U.S. stocks wavered, while gold prices notched a six-month high. Hellofresh topped the pan-European Stoxx index mid-afternoon with gains of 8.7%, while package holiday company Tui rose around 5%. Analysts are projecting record highs for gold in 2023, while Citi's global head of commodities research expects the price of Brent oil to fall to the lower end of $70 barrel by year's end.
Sentiment: POSITIVE
Tickers: QUOTES, .GDAXI, @CL.1, @LCO.1, GTT-FR, .FTSE, .STOXX, XAU=, .FCHI, RR.-GB,
Keywords: cac 40 index, investment strategy, ftse 100, economic events, france, s&p 500 index, china, gaztransport et technigaz sa, stoxx 600, banks, london, rolls-royce holdings plc, wall street, germany, markets, dax, business news, tui ag,