Stocks rise on US inflation data and China relaxation

Ryanair, meanwhile, added 1.4 per cent to close at €15.94 per share in line with a general lift in travel and tourism stocks across Europe after China’s travel restriction relaxation.

The news lifted luxury stables like Gucci owner Kering, Hermés and Luis Vuitton parent LVMH, which were all ahead by 2.6 per cent and 3.5 per cent. Banks stocks were mixed with Barclays, HSBC and NatWest off by between 0.6 per cent and 1.2 per cent as they traded ex-dividend while Standard Chartered and Lloyds gained ground.

The consumer price index gained 0.2 per cent last month, the US department of labour said, lifting the annualised rate to 3.2 per cent from 3 per cent in June. Economists polled by Reuters expected headline CPI to rise to 3.3 per cent.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

European stocks climb but Flutter Entertainment drags Dublin market lowerBank shares rebound after Italian government clarifies that new windfall tax will not exceed 0.1% of total assets
Herkunft: IrishTimesBiz - 🏆 6. / 77 Weiterlesen »

Banking stocks tumble after Italy imposes shock windfall taxMoody’s cut the credit ratings of 10 small to mid-sized US banks, while Bank of Ireland, AIB, and PTSB all suffered losses
Herkunft: IrishTimesBiz - 🏆 6. / 77 Weiterlesen »

UK Markets Wrap: Banks and commodity stocks led Tuesday’s fallers on FTSEGlobal trading sentiment was already weak after Chinese imports and exports both tumbled more sharply than expected
Herkunft: businessposthq - 🏆 8. / 71 Weiterlesen »