Europe: Stocks climb at open after more US records
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON]
EUROPE's main stock markets climbed at the start of trading on Friday, following fresh records on Wall Street overnight.
London's benchmark FTSE 100 index grew 0.3 per cent to 7,215.03 points.
In the eurozone, Frankfurt's DAX 30 index rose 0.1 per cent to 15,956.83 points and the Paris CAC 40 won 0.2 per cent to 6,893.69.
Major US stock indices had again closed at all-time records on Thursday, as investors shrugged off data showing a jump in American wholesale prices. The data added to expectations that the Federal Reserve will shift course and pull back on its stimulus efforts, starting with a slowdown in the pace of bond buying.
The first signal of a move could come as soon as this month, when Federal Reserve chief Jerome Powell is due address the annual central banking conference in Jackson Hole in Wyoming.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
But the market has taken the expected shift in stride, viewing the inflation data as unsurprising. The producer price report comes on the heels of Wednesday's consumer price index, which showed inflation moderating in July.
AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
