European stocks closed higher on Thursday, with retailers leading sectoral gains, while US inflation data showed signs of moderation last month, easing concerns that the Federal Reserve will continue to deliver. large rises in interest rates in the short term.
The pan-European STOXX 600 index closed up 0.63% at 450.22 points, its highest level since the end of April, with the European retail sector jumping 1.9%.
Most British retailers led the advance after earnings from major companies showed shoppers spent freely at Christmas, enjoying their first holiday free of Covid-19 restrictions for three years. But retailers warned that most would spend less in 2023.
Adding to the positive movement, data showed that US consumer prices fell for the first time in over two and a half years in December, which gave hope that inflation is now on a sustained downward trend, although the market of work remain tight.
The rate-sensitive technology sector rose 0.4%, supported by a rise in semiconductor stocks such as ASML after Taiwanese chipmaker TSMC reported a better-than-forecast rise in quarterly profit of 78%.
- In LONDON, the Financial Times index advanced 0.89%, to 7,794.04 points.
- In FRANKFURT, the DAX index was up 0.74% to 15,058.30 points.
- In PARIS, the CAC-40 index gained 0.74% to 6,975.68 points.
- In MILAN, the Ftse/Mib index appreciated by 0.73%, to 25,733.96 points.
- In MADRID, the Ibex-35 index registered an increase of 1.17%, to 8,828.10 points.
- In LISBON, the PSI20 index appreciated by 1.21%, to 6,041.64 points.
Source: CNN Brasil
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