(CercleFinance.com) – The European stock markets are gaining ground this Wednesday (+0.1% in Frankfurt, +0.3% in Paris), starting with London (+0.7%) where investor morale is not improving. left unaffected by rather disappointing data on the British inflation front.
Year-on-year in January, the UK consumer price index increased by 4% on a raw basis and by 5.1% excluding energy, food, alcohol and tobacco, annual rates stable compared to December 2023 .
‘With inflation stubbornly at 4%, the Bank of England will have little reason to lower interest rates earlier than expected,’ reacts to this publication Neal Keane, head of global sales at ADSS.
Concerning the euro zone, Eurostat confirmed stagnation in GDP in the fourth quarter of 2023 compared to the third, and reported a 2.6% increase in industrial production in December compared to November.
Among today’s results publications, that of thyssenkrupp was largely penalized by a 9% fall in the stock in Frankfurt, the industrial conglomerate having revised its objectives for the current financial year downwards.
Operators welcome the annual results of the IT group CapGemini (+5%) in Paris, as well as the bank ABN Amro (+5%) and the food distributor Ahold Delhaize (+4%) in Amsterdam, but shun those of the brewer Heineken (-5%).
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