All articles tagged with #euro zone inflation
European stocks closed higher on Friday, with the Stoxx 600 index up 0.28%, as investors assessed euro zone inflation data, which rose to 2.6% in May. The ECB is expected to cut interest rates at its June 6 meeting. JD Sports shares fell 12.4% after reporting a decline in first-quarter U.K. sales. Italy's economy grew by 0.3% in the first quarter.
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.