Most European stock markets continued on a positive note on Thursday, with gains, however, remaining subdued amid a cautious global inflation rally and concerns that central banks will not be able to maintain a very accommodative direction for long. of their monetary policy.
Data released on Wednesday showed that inflation in the Eurozone climbed to 4.1% in October, while in the United Kingdom it jumped to 4.2%, the highest level in ten years.
On the dashboard, the pan-European Stoxx 600 recorded a small gain of 0.1% at 490.41 points. The index has recorded a series of consecutive highs, having gained ground in 17 of the last 19 sessions.
The German DAX gained 0.14% to 16,273.71 points, the French CAC-40 gained 0.3% to 7,178.75 points, while the British FTSE 100 lost 0.1% to 7,281.05 points.
The Italian FTSE MIB and the Spanish IBEX-35 are moving with small gains of 0.1%.
The energy sector is losing ground with giants Royal Dutch Shell and BP losing more than 1% as crude prices fall to a six-week low following China’s announcement that it plans to release part of its oil reserves.
In business developments, Royal Mail jumped 4.8% after announcing strong results for the first half of the year.
Thyssenkrupp’s share climbed 3.6% after the German company announced that it expects its profits to more than double next year, while leaving open the possibility of proceeding with the introduction of the hydrogen unit.
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