GLOBAL MARKETS - Europe stocks climb, hitting fresh intraday high


Istanbul, August 30 (Hibya) - European markets were higher on Friday, the last trading day of August, as investors considered key inflation data from across the region.

Tarih: 30 Ağustos 2024 14:31:48

Vakıfbank 970

The pan-European Stoxx 600 notched a fresh intraday record high on Friday and was last 0.39 percent higher. Most major regional bourses and sectors were trading in the green. Tech shares pulled back 0.38 percent, while mining stocks added 0.86 percent and utilities rose by 0.79 percent.

The Stoxx 600 had recorded a winning day on Thursday, with tech stocks leading gains as investors considered artificial intelligence heavyweight Nvidia’s latest quarterly earnings report which was released earlier in the week.

Euro zone inflation fell to a three-year low of 2.2 percent in August, according to flash figures released by statistics agency Eurostat on Friday. The reading was in line with expectations, and below July’s 2.6 percent print.

Elsewhere, France’s preliminary, EU-harmonized consumer price index came in at 2.2 percent for August on an annual basis, down from the 2.7 percent print of July, the country’s statistics office said Friday. Preliminary data from Italy’s statistics agency showed the harmonized CPI came in at 1.3 percent on an annual basis in August, less than in the previous month.

In Germany, preliminary annual headline on an EU-harmonized basis eased more than expected to 2 percent in August, compared with the 2.3 percent forecast and July’s 2.6 percent reading. Spain’s preliminary harmonized inflation came in at 2.4 percent for August, also lower than expected and down from than the previous month’s 2.9 percent print.

Investors will be closely watching the data for clues about whether another interest rate cut from the European Central Bank could come in September. Also on the data front in Europe, the final reading of the French second-quarter gross domestic product reflected 0.2 percent growth according to the country’s national statistics office, revised down from the preliminary 0.3 percent figure released in July.
 

Hibya Haber Ajansı

Piramit Menkul Kıymetler A.Ş.
Vakıf Katılım
Vakıfbank 970-2
Sağlık Basını
Eco Haber
Finans Nabzı
Araba Hayali
7x24 İlan Bul

Burada yer alan yatırım bilgi, yorum ve tavsiyeleri yatırım danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti; aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı sözleşmesi çerçevesinde sunulmaktadır. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır. Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir. hibya.com sitesinde kullanılan kaynaklardaki herhangi bir hata/eksiklikten dolayı, sitedeki bilgilerin kullanılması sonucunda yatırımcıların ve üçüncü kişilerin uğrayabilecekleri doğrudan ve/veya dolaylı zararlardan Hibya Haber Ajansı ve Bilişim Hizmetleri San. ve Tic. A. Ş. hiçbir şekilde sorumlu tutulamaz

Copyright © 2023 Hibya Haber Ajansı Tüm hakları saklıdır.
Web sitemizdeki tüm içeriklerimiz, kaynak gösterilerek dahi Abone olmadan kısmen veya tamamen kullanılamaz.