European stocks extend gains as UK inflation eases

By : AFP

Date: 15 November 2023 9:26am WAT

Britain's Prime Minister Rishi Sunak(Photo by JUSTIN TALLIS / AFP)

Britain’s Prime Minister Rishi Sunak addresses delegates at the annual Conservative Party Conference in Manchester, northern England, on October 4, 2023. (Photo by JUSTIN TALLIS / AFP)

European stock markets extended gains at the start of trading Wednesday, with sentiment lifted by sharp cooling of inflation in the United States and Britain.

London’s benchmark FTSE 100 index jumped 0.9 percent to 7,509.59 points after official data showed UK inflation hitting a two-year low on easing energy costs.

In the eurozone, Frankfurt’s DAX index grew 0.2 percent to 15,649.88 points and the Paris CAC 40 won 0.5 percent to 7,219.07.

Eurozone indices had soared around 1.5 percent Tuesday, far more than London, after the US reported sliding consumer prices in the world’s biggest economy.
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