Europe stocks close higher after ECB hints at peak rates; luxury climbs on China sales data
Publishing timestamp: 2023-09-15 11:55:54
Summary
The European markets closed slightly higher on Friday, with most sectors and major bourses in positive territory. The European Central Bank suggested that its latest interest rate hike may be its last. Chinese economic data beat expectations, boosting Asian stock markets. U.S. stocks ticked lower, but Wall Street is still heading for a winning week. Oil prices rose to 10-month highs on the back of stronger-than-expected Chinese retail sales and industrial production data. European bond yields, which fell on the ECB announcement, were slightly higher on Friday.
Sentiment: NEUTRAL
Tickers: GAW-GB, .STOXX, MC-FR, @CL.1, @LCO.1, HM.B-SE, CFR-CH,
Keywords: prices, stoxx 600, business news, breaking news: europe, economic events, united states,
Source: https://www.cnbc.com/2023/09/15/europe-markets-open-to-close-ecb-hike-china-data-stocks-rally.html