1/12, 5:36 PM (Source: TeleTrader)
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Europe jumps at close after US inflation report

Major stock indexes in Europe closed deep in the green on Thursday as investors digested the latest consumer prices report from the United States, which signaled inflation is cooling. Meanwhile, the European Central Bank (ECB) said it expects inflation to reach its 2% target in 2025.

The Euro Stoxx 50 rose 0.66%. The best performer was Banco Santander, whose shares jumped 2.27%.

The FTSE 100 climbed 0.89% as Persimmon rallied 8.34%.

The DAX ended the session 0.74% higher. RWE, up 3.74%, led the gains.

The CAC 40 increased 0.74% with Unibail-Rodamco-Westfield surging 4.04%.

The euro gained 0.51% against the dollar to sell for 108088 at 5:32 pm CET and the pound added 0.14% compared to the greenback to go for 1.21636 at 5:33 pm ET.

Baha Breaking News (BBN) / NP