European stocks close slightly higher as investors digest U.S. inflation data; Delivery Hero up 26%
Publishing timestamp: 2024-05-14 12:06:53
Summary
European stocks closed slightly higher on Tuesday as global investors reacted to latest U.S. inflation data. Auto stocks led gains, while shares of Delivery Hero jumped after Uber announced acquisition of its Foodpanda business. Meanwhile, British miner Anglo American fell after announcing strategic overhaul. U.S. stocks moved higher as traders awaited clarity on Federal Reserve policy. Oil prices were lower as inflation concerns persisted. Klarna secured backing for IPO, while Grifols faced accusations from short seller. Vodafone shares rose, while Rheinmetall fell. Delivery Hero shares jumped after deal with Uber. Anglo American outlined simplification strategy amid takeover bid. U.K. unemployment rose, wages increased. Bank of England to monitor labor data. Equity rally indicates market moving past pullback. Love for global chip stock, growth stocks benefiting from improving guidance in U.S. Only three ETFs worldwide produced double-digit annual returns over past five years. European markets expected to open lower.
Sentiment: MIXED
Tickers: TKWY-NL, .DJI, .IXIC, HFG0-FF, .FCHI, .FTMIB, 1FRVIA-IT?QSEARCHTERM=FORVIA, RHM-DE, .STOXX, BHP-AU, @CL.1, VOD-GB, HFG-DE, .SPX, .GDAXI, 8JO0-FF, AAL-GB, .FTSE, GRF-ES, @LCO.1,
Keywords: delivery hero se, just eat takeaway.com nv, prices, hellofresh se, business news, anglo american plc, stoxx 600, united states, bhp group ltd, breaking news: europe,
Source: https://www.cnbc.com/2024/05/14/european-markets-live-updates-stocks-markets-news-and-earnings.html