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17.04.2024 11:44:27 - dpa-AFX: European Shares Gain After UK, Eurozone Inflation Data
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks traded higher on
Wednesday after falling sharply the previous day on concerns about escalating
geopolitical tensions and uncertainty about the outlook for U.S. rates.
In economic releases, data showed U.K. consumer price inflation rose by less
than expected to 3.2 percent in March from 3.4 percent in February, making it
likely that the Bank of England will lower its key interest rate later this
year.
Final data from Eurostat revealed that inflation in the 20 nations sharing the
euro currency slowed across the board last month, raising expectations for an
ECB rate cut in June.
Euro zone inflation slowed to 2.4 percent from 2.6 percent in February, matching
the preliminary estimate released earlier this month.
The pan European STOXX 600 rose half a percent to 500.77 after falling 1.5
percent in its worst session in nine months on Tuesday.
The German DAX gained half a percent, France's CAC 40 jumped 1.1 percent and the
U.K.'s FTSE 100 was up 0.4 percent.
In corporate news, Swedish commercial vehicle major AB Volvo rose 2.4 percent
after its Q1 adjusted operating profit beat forecasts.
Dutch semiconductor equipment maker ASML Holding N.V. slumped 4.1 percent after
reporting weaker-than-expected new bookings in its first-quarter results.
Likewise, food delivery company Just Eat Takeaway.com lost 5.5 percent after
orders slipped in the first quarter.
Mining giants Antofagasta, Glencore, Rio Tinto and Anglo American rallied 2-4
percent after iron ore futures climbed to their highest levels in more than five
weeks.
Fast-fashion retailer ASOS climbed 2.5 percent after backing its guidance for
the fiscal year and naming a new CFO.
Saga, a specialist in products and services for people over 50, declined 1.7
percent after it posted a loss before tax of 129.0 million pounds for the year
ended 31 January 2024.
Gambling group Entain climbed 3 percent after delivering Q1 online gaming
revenue ahead of expectation.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
Wednesday after falling sharply the previous day on concerns about escalating
geopolitical tensions and uncertainty about the outlook for U.S. rates.
In economic releases, data showed U.K. consumer price inflation rose by less
than expected to 3.2 percent in March from 3.4 percent in February, making it
likely that the Bank of England will lower its key interest rate later this
year.
Final data from Eurostat revealed that inflation in the 20 nations sharing the
euro currency slowed across the board last month, raising expectations for an
ECB rate cut in June.
Euro zone inflation slowed to 2.4 percent from 2.6 percent in February, matching
the preliminary estimate released earlier this month.
The pan European STOXX 600 rose half a percent to 500.77 after falling 1.5
percent in its worst session in nine months on Tuesday.
The German DAX gained half a percent, France's CAC 40 jumped 1.1 percent and the
U.K.'s FTSE 100 was up 0.4 percent.
In corporate news, Swedish commercial vehicle major AB Volvo rose 2.4 percent
after its Q1 adjusted operating profit beat forecasts.
Dutch semiconductor equipment maker ASML Holding N.V. slumped 4.1 percent after
reporting weaker-than-expected new bookings in its first-quarter results.
Likewise, food delivery company Just Eat Takeaway.com lost 5.5 percent after
orders slipped in the first quarter.
Mining giants Antofagasta, Glencore, Rio Tinto and Anglo American rallied 2-4
percent after iron ore futures climbed to their highest levels in more than five
weeks.
Fast-fashion retailer ASOS climbed 2.5 percent after backing its guidance for
the fiscal year and naming a new CFO.
Saga, a specialist in products and services for people over 50, declined 1.7
percent after it posted a loss before tax of 129.0 million pounds for the year
ended 31 January 2024.
Gambling group Entain climbed 3 percent after delivering Q1 online gaming
revenue ahead of expectation.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
CAC 40 | 969400 | Paris | 8.065,15 | 29.04.24 18:05:02 | -23,09 | -0,29% | - | - | 8.116,43 | 8.065,15 |
|
FTSE 100 | 969378 | Financial Times SE | 8.147,03 | 29.04.24 17:35:30 | +7,20 | +0,09% | - | - | 8.139,83 | - |
|
DAX ® | 846900 | Xetra | 18.118,32 | 29.04.24 17:50:00 | -42,69 | -0,24% | - | - | 18.162,15 | 18.161,01 |
|
E-STOXX 50 ® | 965814 | STOXX Ltd. | 4.981,09 | 29.04.24 17:50:00 | -25,76 | -0,51% | 0,000 | - | 5.014,22 | 5.006,85 |
