Latest News

European shares edge higher ahead of U.S. inflation data


European shares edge higher ahead of U.S. inflation data By Reuters

Breaking News


Economy 6 minutes ago (Dec 13, 2022 08:41)

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 12, 2022. REUTERS/Staff

(Reuters) – European shares edged up on Tuesday as investors hope inflation data from the United States later in the day could allow the Federal Reserve to dial down its aggressive approach to interest rate hikes.

The region-wide STOXX 600 index was up 0.1% at 0812 a.m. GMT.

Tech stocks led index gains, rising 1.2%, buoyed by semiconductor firms such as ASML Holding (AS:ASML) and BE Semiconductor.

Financials and energy stocks also boosted the index, while healthcare stocks fell 0.4%.

Novo Nordisk (CSE:NOVOb) fell 1% after a report said the drugmaker was delaying the rollout of its obesity treatment in Europe.

The U.S. Supreme Court on Monday cleared the way for California to enforce a voter-approved ban on flavoured tobacco products, rejecting a request by a unit of British American Tobacco (LON:BATS) and other plaintiffs to put it on hold. Shares of BAT were down 1%.

STOXX 600 fell in the previous session on jitters over rising COVID-19 cases in China and upcoming interest rate decisions from the Fed and other top central banks due later in the week.

European shares edge higher ahead of U.S. inflation data

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Britons wary of discretionary Christmas grocery spend -NielsenIQ

Previous article

WTI Crude Oil Forecast: Bounces Toward Resistance – 13 December 2022

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News