European stock markets closed higher on Thursday (9) after data indicated acceleration in German inflation at a pace below expectations. Investors also reacted to corporate earnings from large companies in the region.
The DAX index, in Frankfurt, closed up 0.72%, at 15,523.42 points. The CAC 40, in Paris, advanced 0.96%, to 7,188.36 points, and the FTSE MIB, in Milan, rose 1.26%, to 27,503.75 points.
In Madrid, the Ibex 35 index rose 0.25% to 9,250.50 points. Finally, on the Lisbon Stock Exchange, the PSI 20 advanced 0.39%, to 5,926.73 points. Quotes are preliminary.
In London, the FTSE 100 closed up 0.33% at 7,911.15 points.
In the view of CMC Markets, the high index was motivated by the results of AstraZeneca for the fourth quarter of 2022, which indicated that the company reversed the loss before the same period in 2021. The company was discharged by more than 4%.
According to an analysis by CMC Markets, stock markets were also boosted by the publication of consumer inflation (CPI) in Germany in January, which, despite having accelerated, rose less than expected by analysts.
However, the data, released a week late, should cause the euro zone’s CPI to be revised upwards, according to analyzes by consultancy Capital Economics and bank ING.
Other balance sheets also marked the trading session. Unilever had a marginal increase of just over 0.20% in London, after expanding profit and exceeding expectations in 2022.
Also reacting to better-than-expected balance sheets are Crédit Agricole (up more than 4% in Paris) and ArcelorMittal (up nearly 1% in Amsterdam).
At the other end, Credit Suisse plunged more than 14% in Zurich, with investors digesting the bank’s fifth consecutive loss, according to the balance sheet for the fourth quarter of 2022.
On the radar of investors, there were also speeches by the Governor of the Bank of England (BoE), Andrew Bailey, and other British BC officials in the British Parliament.
According to Bailey, the expectation is that UK inflation will slow down rapidly in 2023.
Source: CNN Brasil
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