European stocks higher; positive corporate earnings boost sentiment By Investing.com

Commerzbank stock rose 6.5% after the German lender lifted its profit guidance for this year, helped by beating fourth-quarter net income expectations.

On the flip side, Nestle stock slipped after the world's biggest food group reported weaker-than-expected full-year net profit despite passing on higher raw material costs by hiking prices for customers. Oil prices rose Thursday, as optimism over a recovery in Chinese demand overshadowed a surge in the U.S. crude inventories.Energy Information AdministrationAlthough this resulted in the stocks climbing to the highest level since June 2021, the EIA added that the hefty build was largely due to a data adjustment, which has diluted its impact.

Additionally, data released Thursday showed that China's January air passenger traffic rose 34.8% from a year earlier, suggesting that demand from the world’s largest importer of crude will bounce back relatively quickly after its decision to abandon its strict zero-COVID policy.

Brilliant news. All those people complaining they can't afford to eat or heat when in reality people are making millions. If only inflation was 20 or 30% stock markets would be double what they are now

Yall got double digits inflation….please behave🤣geez

READ: Fiat currencies are collapsing

Ponzi crap

Europe here. Recession is a myth

South Africa South Africa Latest News, South Africa South Africa Headlines

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