Europe stocks close higher as investors digest hotter-than-expected U.S. inflation data
Publishing timestamp: 2024-04-10 12:00:30
Summary
European stocks closed higher after U.S. inflation data came in hotter than expected. U.S. stocks dropped on the news. Swiss chocolate-maker Barry Callebaut climbed after reporting results. Tesco rose on strong earnings, while Ocado dipped. Mercedes Benz reported a decline in sales, while European rivals saw increases. Inflation in Norway eased more than expected. Fitch revised China's outlook to negative. Fund managers shared insights on dividend stocks. Markets may be overbought. European markets set to open lower.
Sentiment: MIXED
Tickers: EUR=, .DXY, .DJI, GBP=, .GDAXI, RNO-FR, .SPX, MBG-DE, TSCO-GB, .IXIC, .FTSE, .STOXX, .FTMIB, BAR.N-CH, .FCHI, AC-FR, OCDO-GB, BMW-DE,
Keywords: accor sa, mercedes benz group ag, dxy us dollar currency index, stoxx 600, breaking news: europe, business news, prices, bayerische motoren werke ag, eur/usd, gbp/usd, renault sa, united states, barry callebaut ag,
Source: https://www.cnbc.com/2024/04/10/european-markets-live-updates-us-inflation-data-stocks-earnings.html