European stocks close at highest level since April 2022 after U.S. inflation print
Publishing timestamp: 2023-01-12 05:27:41
Summary
European stocks closed at their highest level since April 2022 on Thursday, with retail stocks leading gains. U.S. stocks were lower after open but swung to gain toward midday. Inflation data was in line with expectations and investors may look to speeches from Fed officials for further clues. Volkswagen Group reported its lowest sales in more than decade in 2022, while Logitech sank after missing quarterly earnings expectations. Centrica climbed after raising its full-year earnings forecast. China's CPI figure was in line with expectations and higher than previous month's reading. European stocks are heading for higher open Monday as investors gauge inflation outlook globally.
Sentiment: POSITIVE
Tickers: .IXIC, .GDAXI, .SPX, 0NVL-GB, .FTMIB, .FTSE, CNA-GB, LOG.N-CH, .STOXX, MS, .FCHI, .DJI,
Keywords: united states, stoxx 600, ubisoft entertainment sa, centrica plc, business news, breaking news: europe, logitech international sa,
Source: https://www.cnbc.com/2023/01/12/european-markets-live-updates-stocks-data-earnings-and-news.html