(CercleFinance.com) – Unlike the continental places which appear quite dull overall (-0.1% in Frankfurt and Paris), London stands out with a jump of 0.7%, against a backdrop of signal encouraging on the inflation side in the United Kingdom.
The British consumer price index only increased by 3.9% year-on-year in November, compared to 4.6% in October, and excluding energy, food, alcohol and tobacco, the annual inflation rate fell from 5.7% to 5.1%.
This trend towards disinflation in the United Kingdom, like that observed in the euro zone, is likely to ultimately give hope for a more accommodating monetary policy from the Bank of England next year.
As a reminder, the British central bank decided last Thursday to maintain its key rate at 5.25%, and warned that ‘monetary policy will probably have to be restrictive for a prolonged period’.
In stock news, Telefonica jumped more than 4% in Madrid the day after the announcement of the entry of the Spanish State into the capital of the telecommunications operator, through the acquisition of a stake of up to 10%.
DHL Group lost almost 2% in Frankfurt, following a quarterly publication from its American peer FedEx on Tuesday evening, the latter having lowered its annual revenue forecasts ‘in an uncertain demand environment’.
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