European markets close higher; UK inflation rate falls for second month
Publishing timestamp: 2023-01-18 11:35:19
Summary
European markets closed cautiously higher Wednesday as uncertainty persisted on economic outlook, with the pan-European Stoxx 600 index closing 0.2% higher provisionally. U.K.'s inflation rate fell in December to 10.5%, while U.S. producer price index dropped 0.5% month-on-month. Just Eat Takeaway shares jumped 10% after reporting second-half earnings and vowing to prioritize profitability over growth, while ASMI climbed more than 10% after beating fourth-quarter earnings expectations. CEOs of Unicredit, Infosys, Nokia, Aramco and Credit Suisse, among many others, discussed their macro outlooks for the year at the World Economic Forum in Davos.
Sentiment: NEUTRAL
Tickers: UCG-IT, .FTSE, @CL.1, .GDAXI, TKWY-NL, .FCHI, .FTMIB, .STOXX, @LCO.1, CSG.N-CH, ASM-NL,
Keywords: breaking news: europe, stoxx 600, just eat takeaway.com nv, asm international nv, credit suisse group ag, business news, saudi arabia,
Source: https://www.cnbc.com/2023/01/18/european-markets-live-updates-stocks-data-earnings-wef-news.html