1/6, 5:32 PM (Source: TeleTrader)
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Europe wraps up session with gains after data

European stock exchanges wrapped up the trading session on Friday higher as market participants drew optimism from preliminary data on the region's inflation that could potentially signal weaker monetary tightening by the European Central Bank in the upcoming period.

The consumer confidence in the region slightly recovered in the final month of 2022, with the retail sales improving by 0.08% in November. Additionally, investors assessed latest jobs data in the United States as robust labor market showed reselience towards Federal Reserve's interest rate increases.

The European Stoxx 50 jumped 1.47% with Safran SA soaring 3.03%. The DAX rose by 1.20% or 173 points as Siemens Energy jumped 3.53%. The CAC 40 gained 1.39% with Renault SA surging 3.07%. London's FTSE 100 was up by 0.87%, as Anglo American plc skyrocketed 5.69%.

At 5:34 pm CET, the euro was 0.88% higher against dollar to sell at $1.06127 and the pound edged up by 1.19% versus the greenback to go for $1.20514.

Baha Breaking News (BBN) / AB