Europe stocks close higher as U.S. wholesale inflation falls; Burberry down 7%
Publishing timestamp: 2024-01-12 11:52:59
Summary
The European markets closed higher despite negative factors such as Burberry issuing a profit warning and disruptions to production caused by attacks on vessels in the Red Sea. U.S. wholesale inflation fell, while U.K. economic data showed growth in November. The article also mentions the beer industry's resilience to supply chain challenges and JPMorgan CEO Jamie Dimon's warning about inflation and interest rates. Oil prices rose due to military strikes in Yemen.
Sentiment: MIXED
Tickers: CDI-FR, @LCO.1, .SPX, BRBY-GB, KER-FR, @CL.1, .FCHI, .FTSE, .STOXX, .FTMIB, .DJI, MC-FR, .IXIC, .GDAXI,
Keywords: stoxx 600, stock markets, breaking news: markets, markets, business news,
Source: https://www.cnbc.com/2024/01/12/european-markets-live-updates-stocks-news-and-us-inflation-data.html