European stocks close higher after more U.S. inflation data; UK economy contracts
Publishing timestamp: 2023-07-13 12:04:15
Summary
The article discusses European stock markets closing higher due to cooler-than-expected U.S. inflation readings and a dip in U.K. gross domestic product. It mentions specific companies and their performance, as well as the outlook for central banks' monetary policy and the implications for the global economy. It also discusses the odds of the Federal Reserve raising rates and identifies key stocks in the supply chain that may benefit from Tesla's push into humanoid robots. Other topics covered include an upgrade of a big pharma stock, South Korea's benchmark interest rate remaining unchanged, and the country's inflation rate.
Sentiment: MIXED
Tickers: .FTSE, PSN-GB, .DXY, .STOXX, .SPX, NIBE.B-SE, TW.-GB, .HSI, .N225, BKG-GB, .FCHI, VMUK-GB, ZAL-DE, BDEV-GB, AF-FR, TSLA, .GDAXI,
Keywords: economic events, london, ftse 100, wall street, dax, persimmon plc, stoxx 600, berkeley group holdings plc, investment strategy, prices, dxy us dollar currency index, taylor wimpey plc, cac 40 index, virgin money uk plc, air france klm sa, hang seng index, banks, united states, barratt developments p l c, business news, markets, nikkei 225 index, zalando se, s&p 500 index,
Source: https://www.cnbc.com/2023/07/13/europe-markets-open-to-close-ftse-100-dax-cac-40.html