LONDON — European markets closed higher on Thursday as investors digested a fresh round of corporate earnings and a key U.S. inflation print.
EUROPEAN MARKETS
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 7531.01 | -87.59 | -1.15 |
| .GDAXI | DAX | 15885.53 | -110.99 | -0.69 |
| .FCHI | CAC 40 Index | 7363.76 | -69.86 | -0.94 |
| .FTMIB | FTSE MIB | 28387.26 | -187.79 | -0.66 |
| .IBEX | IBEX 35 Idx | 9463.4 | -38.8 | -0.41 |
The pan-European Stoxx 600 index ended the session up 0.8%, with household goods adding 2.2% to lead gains on the back of strong earnings. Mining stocks, meanwhile, slid 0.9%.
July’s U.S. consumer price index rose 3.2% from a year ago and 0.2% month-on-month, new data from the Bureau of Labor Statistics showed Thursday, slightly below expectations.
Economists polled by Dow Jones had projected July CPI growth of 0.2% from the prior month and 3.3% on a year-over-year basis.
Core CPI, which excludes volatile food and energy prices, also rose 0.2% month-on-month for a 4.7% year-on-year increase, also slightly below a consensus estimate.
U.S. stocks were higher after the report, looking set to bounce back from another negative session on Wall Street Wednesday.
Back in Europe, corporate earnings continue to roll in and influence individual share price action. Siemens, Zurich Insurance, Thyssenkrupp, Deutsche Telekom, HelloFresh and Deliveroo were among the big names reporting before the bell on Thursday.
Source: Consumer News Business Channel
