4/29, 5:31 PM (Source: TeleTrader)
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Europe closes higher after inflation data

Major European stock market indexes closed higher on Friday following earnings reports by AstraZeneca, NatWest, and Eni released today. Inflation in Eurozone recorded an increase of 7.5% in April, with the energy sector soaring 38% year on year. Consequently, Germany reported the highest import prices in the past 48 years, and France noted its consumer price index (CPI) rose by 4.8% in the preliminary reports.

On the data front, Eurostat posted a preliminary report of gross domestic product (GDP) growing 5% year on year, with Germany and Spain recording increases in their quarterly reports.

The DAX gained 0.71% at the closing session on Friday with Delivery Hero increasing by 6.76%. The CAC 40 grew 0.25% with Renault Group rising 2.72%, and London's FTSE 100 was up by 0.37% with Aveva soaring by 5.89%.

The euro traded 0.36% higher against the dollar, going for $1.05364 at 5:34 pm CET. The pound was 0.83% higher against the dollar, selling at $1.25609 a minute later.

Baha Breaking News (BBN) / AB