2023-11-15 09:20:21
European stocks rose on Wednesday, as investors cheered the slowdown in inflation in major economies, raising bets on central banks ending their monetary policy tightening cycle.
A day following a moderate US inflation report supported views that the US Federal Reserve may have finished raising interest rates, new data showed that British inflation also slowed more than expected in October.
By 0810 GMT, the European STOXX 600 index rose 0.5 percent, while the British Financial Times 100 index rose 1 percent. The two indices recorded their highest levels in regarding a month.
Mining company stocks led sector gains, advancing 1 percent, thanks to the rise in metal prices.
Experian shares jumped 4.2 percent following the world’s largest credit data company announced higher semi-annual profits, while Swiss eye care products company Alcon shares fell 7.2 percent following it announced lower-than-expected sales in the third quarter and lowered its expectations for the full year.
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