2/2, 5:31 PM (Source: TeleTrader)
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Europe closes mostly higher after inflation data

European stock exchanges were mostly higher as trading closed on Wednesday with the latest Eurozone inflation report monitored closely by investors. Elsewhere, Ferrari, Novartis and Santander all reported their latest quarterly earnings, while the United States confirmed it will send more troops to its European NATO allies amid the ongoing Ukraine crisis.

The DAX closed flat. FTSE 100 grew 0.63% at the close as Ocado Group led the gains with a 4.96% increase. The CAC 40 advanced 0.22% at the end of the trading session. Essilorluxottica was its best performer after rising 2.55%.

The euro was up 0.26% compared to the dollar, selling for 1.12979 at 5:31 pm CET, while the pound gained 0.28% against the greenback, changing hands for 1.35596 concurrently.

Baha Breaking News (BBN) / MS