1 year, 9 months ago
FTSE rally continues amid cooling inflation in Europe
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Michael Hewson, chief market analyst at CMC markets UK, said: “We’ve seen another positive day for European markets, with the FTSE 100 pushing up to its highest levels in two weeks, although it remains well short of reversing its March losses, unlike the Dax which has reversed nearly all its post-March 9 decline. “The commercial real estate sector has continued its rebound from yesterday, led by British Land and Land Securities in London and Vonovia in Germany.” Elsewhere in Europe, the picture was particularly positive as Spanish inflation was cut by almost half this month while Germany also reported that prices are cooling. Across the Atlantic, stocks also made gains, driven by stronger tech firms, with traders also welcoming lower US GDP growth in the fourth quarter amid predictions the Federal Reserve will pause recent interest rate increases.
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