Europe markets close higher as investors digest Fed comments; Volkswagen up 11%
Publishing timestamp: 2023-03-03 11:56:33
Summary
European stock markets followed a global positive trend on Friday, with Volkswagen leading the gains after posting better-than-expected outlook for 2023. Inflation data came in hotter than expected across Europe, and the European Central Bank President said that a 50 basis point hike in March is still on the cards. Global markets were given a boost by comments from the Atlanta Federal Reserve President, and China's official manufacturing purchasing managers index rose to its highest since April 2012. British chip designer Arm and building materials group CRH intend to pursue stock market listings in the US. Artificial intelligence is a popular trend, and tech investor Mark Hawtin suggests playing the data theme to get into the game.
Sentiment: POSITIVE
Tickers: SAN-ES, BANB-CH, .FCHI, .GDAXI, .STOXX, AIXA-DE, SAN, .DJI, MSFT, UMG-NL, .FTSE, 9984.T-JP, OCDO-GB, VOW3-DE,
Keywords: stoxx 600, united states, breaking news: europe, aixtron se, volkswagen ag, ocado group plc, banco santander sa, business news, economic events, christine lagarde, crh plc,