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Eurozone Inflation Eases Less Than Expected, Prompting ECB Caution

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Source: CNBC
Eurozone Inflation Eases Less Than Expected, Prompting ECB Caution
Photo: CNBC
TL;DR Summary

European markets closed higher as euro zone inflation fell less than expected, with the pan-European Stoxx 600 ending the session up 0.6%. Tech stocks led gains, while insurance fell. Daimler Truck shares surged 18% after raising its dividend and announcing a new 2 billion euro share buyback program on the back of better-than-expected pre-tax 2023 earnings. Grifols and ITV also posted double-digit gains on strong results. In Asia-Pacific, Japan's Nikkei 225 closed at a fresh record high, and U.S. stocks were higher after wrapping a fourth consecutive winning month.

Topics:business#daimler-truck#earnings#euro-zone-inflation#european-markets#finance#stock-market
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  1. European markets pare gains as euro zone inflation falls less than expected  CNBC
  2. Eurozone Inflation, Continuing to Ease, Rose 2.6% in February  The New York Times
  3. Inflation remains sticky in Europe, with core prices cooling less than expected  CNBC
  4. Euro zone inflation dips but stubborn core prices may worry ECB  Reuters
  5. Eurozone Inflation Slows Less Than Forecast, Backing ECB Caution  Bloomberg

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