European stocks edge higher; economic weakness overshadowed by U.S. gains

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European stocks edge higher; economic weakness overshadowed by U.S. gains

Investing.com - European stock markets edged higher Thursday, as a positive handover from the U.S. helped to dilute further signs of eurozone economic weakness.fell more than expected on the month in August, dropping 1.2% from the previous month, as weak global demand hurt the country's exports.

This resulted in U.S. Treasury yields easing back from 16-year highs, amid lessening concerns over rising interest rates and the likelihood that the Federal Reserve may need to keep rates higher for longer, helping Asian markets post gains, a positive tone that is likely to continue in Europe.) stock rose 1.6% after the tobacco giant reaffirmed its full-year forecast, on the back of sustained demand, higher prices and strong adoption of tobacco alternatives such as e-cigarettes.

 

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