Brussels, January 03 (QNA) – European stocks continued their rise today, as investors await Consumer Price Index (CPI) data from Germany, the continent’s largest economy, for clues about inflation in the Eurozone.
The Stoxx Europe 600 index rose by 0.5 percent, supported by financial stocks and non-essential products.
Investors have their gaze fixed on Germany’s CPI data due today, which may provide further clues as to whether cost pressures in the Eurozone have eased, following the European Central Bank’s strong monetary tightening.
European stocks ended the first trading sessions this year up 1.6 percent yesterday, after the Eurozone manufacturing sectors data showed that the worst phase had ended with the start of supply chain recovery and the easing of inflationary pressures.
The British Financial Times Stock Exchange 100 index rose 1.1 percent in its first trading session of 2023, as the British market had been closed after a shortened trading session on Friday.
(QNA)