European markets gain after key inflation data; Barclays down 10%
Publishing timestamp: 2023-02-15 10:50:22
Summary
European markets rose in Wednesday afternoon trade following strong U.S. retail sales data. U.K. private equity activity dropped by 16.5% last year, but conditions are ripe for pick-up in 2023. U.S. stocks slid Wednesday after January retail sales number came in higher than expected. Carrefour announced 800 million euro ($857 million) share buyback and increased dividends by 8%. Barclays reported full-year net profit of 5.023 billion ($6.07 billion) for 2022. U.K. inflation rate dropped to 10.1% for January. Luxury behemoth LVMH announced musician Pharrell Williams as its new men's creative director. UBS Global Wealth Management's commodity, rates, and FX analyst Wayne Gordon said gold prices could surpass $2000 by end of year. Fortescue Metals reported lower profit and dividends for June - December 2022 period and flagged persistent inflationary pressures. U.S. stock futures slipped on Tuesday night following release of January's hotter-than-anticipated consumer price index.
Sentiment: MIXED
Tickers: .GDAXI, @DJ.1, 0HAU-GB, @SP.1, CA-FR, .FCHI, .STOXX, .FTSE, .SPX, FMG-AU, XAU=, .FTMIB, MC-FR, BARC-GB, @ND.1,
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