1/20, 5:37 PM (Source: TeleTrader)
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Europe closes mostly higher after inflation, Omicron

Europe's major stock markets closed mostly higher on Thursday after another session marked by economic reports, inflation, and news about Omicron. Earlier, it was known that the annual inflation rate in the Eurozone stood at a record high of 5% in December. The European Central Bank said monetary accommodation is still needed to stabilize inflation at the target 2%. Covid's daily cases in Portugal surpassed 50,000, and producer prices in Germany increased by 24.2%.

At the close, the DAX rose by 0.65%, Sartorius AG VZO added 5.24%. The FTSE 100 went down by 0.09%, while Associated British Foods plunged 4.18% and the CAC 40 advanced by 0.31%, as Veolia Environnement climbed 2.23%.

The euro lost 0.07% to the dollar at 5:30 pm CET to sell for $1.13376. At the same time, the pound sterling increased by 0.22% against the greenback to go for $1.13376.

Baha Breaking the News (BBN) / JGA