European markets close slightly higher after China's low inflation reading
Publishing timestamp: 2023-07-10 11:53:16
Summary
European markets closed slightly higher as investors digest low Chinese inflation data and look ahead to key U.S. data and corporate earnings. Chinese producer prices fell for the ninth consecutive month, highlighting challenges for the economy. U.S. stocks rose as investors prepared for inflation data and the start of the second-quarter earnings season. There were no major corporate earnings or economic data releases in Europe. Shares of OSB Group and Just Eat Takeaway gained, while Wihlborgs Fastigheter fell. Barclays named several global stocks expected to do well as AI-related services evolve. China's producer price index fell more than expected, while consumer prices remained unchanged.
Sentiment: NEUTRAL
Tickers: WFC, JPM, WIHL-SE, .FTSE, C, .GDAXI, BLK, G24-DE, OSB-GB, .FCHI, TKWY-NL, .SPX, GTT-FR, .STOXX,
Keywords: s&p 500 index, dax, prices, citigroup inc, wihlborgs fastigheter ab, business news, investment strategy, ftse 100, stoxx 600, just eat takeaway.com nv, blackrock inc, markets, gaztransport et technigaz sa, united states, banks, wells fargo & co, economic events, scout24 se, jpmorgan chase & co, osb group plc, wall street, cac 40 index,
Source: https://www.cnbc.com/2023/07/10/europe-markets-open-to-close-global-inflation-data-in-focus.html