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European major indices close higher. Encouraged by the weaker UK inflation data today.

European major indices close higher. Encouraged by the weaker UK inflation data today.
The major European stock indices are closing higher on the day. The indices are encouraged by the lower than expected UK CPI inflation data today. That has traders paring back expectations for the BOE rate hike tomorrow. The expectations are now 50-50 for a rate hike. The final numbers are showing:German DaX +110.66 points or 0.71%Frances CAC +50.01 points or 0.69%UK's FTSE 100 +76.43.4 +1.00%Spain's Ibex +124.28 points or +1.30%Italy's FTSE MIB +501 points or +1.75%UK 10 year yields are tradin... Read More
Posted: Sep 20 2023, 15:39
Author Name: forexlive
Views: 091084

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