European markets close 0.6% higher
European stocks ended the day up 0.6%, despite a choppy afternoon following the release of U.S. inflation data.
That took the Stoxx 600 index to its highest level since April 2022. The U.K.’s FTSE 100 index gained another 0.9% after surpassing its 2018 heights in Wednesday’s session. At 7794.04 points, the FTSE is inching closer to its all-time high of 7877.45 points.
France’s CAC 40 and Germany’s DAX were both up 0.74%.
Among sectors, retail stocks led gains as they climbed 1.88%.
— Jenni Reid
Stocks continue moving at market open
The three major indexes jumped around in the first minutes of trading Thursday as investors continued digesting the CPI data.
At 9:35 a.m., the Dow was down 0.1%. The S&P 500 also shed 0.1%, while the Nasdaq Composite lost 0.2%.
All three indexes opened up at 9:30 a.m.
— Alex Harring
U.S. inflation fell 0.1% month on month in December
The U.S. consumer price index fell 0.1% on the previous month in December, in line with the Dow Jones estimate.
It was the biggest monthly decline since April 2020.
Headline CPI was still up 6.5% year on year, but this was the smallest figure since October 2021.
European stocks fell, then rose sharply on the news before trimming gains.
Swiss National Bank says it doesn’t need a central bank digital currency
Thomas Moser, alternate member of the governing board of the Swiss National Bank, said he doesn’t yet see a need yet to issue a central bank digital currency.
Central banks around the…
