News Formal

European Stocks Rise on Cooling UK Inflation Before Fed Decision

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 50%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

European stocks rose on Wednesday as an unexpected slowdown in UK inflation lifted risk appetite ahead of the Federal Reserve’s policy decision later in the day.

The Stoxx 600 closed up 0.9%, its first gain in three days. The UK’s FTSE 250 index of domestic stocks jumped 1.6% as data showed Britain’s inflation rate fell unexpectedly despite a surge in fuel prices, easing pressure for further interest-rate hikes from the Bank of England. The export-heavy FTSE 100 also outperformed as the pound eased.

Auto and real estate stocks led the gains, while energy shares dropped with oil. Luxury-goods makers LVMH and Kering SA underperformed after analysts at Jefferies cut their ratings, citing risks from a slowdown in the US and the lack of a recovery in Chinese consumer spending. Commerzbank AG rose after saying it expects net interest income to rise to €8 billion this year, continuing to reap the benefit of higher interest rates.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 83. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

European Stocks Steady Ahead of Fed, Oil Triggers Inflation WoesEuropean stocks were steady as investors were wary of making bets ahead of this week’s central bank meetings, while Brent oil’s rally to $95 triggered worries about inflation spiking again.
Fonte: BNNBloomberg - 🏆 83. / 50 Leggi di più »

Stocks drift lower, US yields rise but growth outlook dimsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Fonte: KitcoNewsNOW - 🏆 13. / 78 Leggi di più »

Stocks slide ahead of Fed meeting, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stocks slide as Fed meeting begins, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »