European markets receive pressure on higher Crude oil prices. UK market displayed negative sentiment on elevated inflation in the country. European STOXX 600 recovers the intraday losses; following the corporate earnings. high inflation in the UK. At the time of writing, the FTSE 100 in the UK is marginally up by 0.06% at 7,680, while the European STOXX 600 remains positive at 449 points. The German DAX index has also seen a slight increase of 0.05% to 15,259.
Earlier in the day, European markets experienced a slight dip The European equities are under pressure, particularly in the mining sector, while insurance stocks are acting as a stabilizing force. The CETOP experienced a marginal decline in the previous session following higher-than-expected US retail sales, raising concerns about potential further interest rate hikes by the Federal Reserve. Looks like Nexi is making headlines with a potential takeover bid causing quite a stir in the market.
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