市场快报

European stocks tick higher after positive US inflation data

Investors take heart from below-forecast June reading of 3%
The latest US inflation figures are likely to ease pressure on the Federal Reserve to keep raising interest rates

European stocks edged higher on Thursday following gains in Asian markets, after a sharper than expected drop in US inflation triggered a dollar sell-off and pushed Wall Street stocks to their highest level in more than a year.

Europe’s region-wide Stoxx 600 added 0.3 per cent in early trading, having climbed 1.5 per cent — the most since early June — in the previous session. France’s Cac 40 added 0.1 per cent, while Germany’s Dax and London’s FTSE 100 were steady.

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