European markets close slightly higher; UK shows signs of recession rebound
Publishing timestamp: 2024-04-12 11:50:29
Summary
European markets closed slightly higher as investors digested U.K. economic data and reflected on the U.S. inflation outlook. The Stoxx 600 closed up 0.06%, with most sectors and major bourses in negative territory. The U.K. economy grew by 0.1% in February, in line with expectations. The European Central Bank held interest rates steady, while the Federal Reserve's next moves remain uncertain. U.S. stocks opened lower as major banks kicked off earnings season. The International Energy Agency downgraded its forecast for 2024 oil demand growth. U.K. government bond yields were lower, and the U.S. dollar dominated as markets assessed the inflation print. Goldman Sachs refreshed its top picks in Asia Pacific for April. European markets are expected to open in positive territory.
Sentiment: NEUTRAL
Tickers: .FTSE, EUR=, @CL.1, TKWY-NL, .FCHI, 0NUK-GB, .GDAXI, .STOXX, .FTMIB,
Keywords: prices, stoxx 600, business, markets, united states, economic events, breaking news: markets, stock markets, business news,