European markets close higher, touch 1-year peak after U.S. inflation data; bond yields jump
Publishing timestamp: 2023-02-14 12:04:50
Summary
European markets ended the day 0.1% higher after U.S. inflation grew slightly more than expected. Telecoms stocks led the gains while German engineering firm ThyssenKrupp fell 10.4%. U.K.'s FTSE 100 index hit a record high before ending the day up 0.08%. Bond yields were volatile after the inflation print. Asia-Pacific markets closed mixed and Europe's Stoxx 600 closed 0.1% higher. U.S. stocks fell at open after the inflation print. Japanese government nominated Kazuo Ueda for its next Bank of Governor. Investors have been flocking back into Chinese tech stocks. Yields are popping again and investors are looking for ways to ride on higher yields.
Sentiment: MIXED
Tickers: .GDAXI, QUOTES, UK2Y-GB, KO, .SPX, ABNB, GBF-DE, .FTSE, .FCHI, TKA-DE, DE2Y-DE, .DJI, TKA-FF, .IXIC, CCH-GB, .STOXX,
Keywords: stoxx 600, business news, s&p 500 index, wall street, bilfinger se, markets, thyssenkrupp ag, japan, dax, cac 40 index, investment strategy, banks, coca cola hbc ag, ftse 100, economic events,