European markets close higher following U.S. inflation data; FTSE 100 hits 10-month high
Publishing timestamp: 2024-03-12 12:56:40
Summary
European markets closed higher on Tuesday as global investors digested latest U.S. inflation report. U.S. stocks were higher in early deals after U.S. inflation data came in roughly inline with expectations. U.K.'s FTSE 100 hit a 10-month high as slowing wage growth raised hopes for interest rate cuts. Barclays named three European stocks that investors should consider buying. China's economy and stock market may be turning around after months of deflation.
Sentiment: NEUTRAL
Tickers: .FCHI, .IXIC, .STOXX, .FTSE, .FTMIB, .SPX, .DJI, .GDAXI,
Keywords: breaking news: europe, prices, business news, united states, economic events, japan, stoxx 600,
Source: https://www.cnbc.com/2024/03/12/european-markets-live-updates-stocks-news-us-inflation-data.html