Home » Business » European Stock Indices Rise on Positive Business Results and Weaker than Expected Inflation Data – February 14, 2023

European Stock Indices Rise on Positive Business Results and Weaker than Expected Inflation Data – February 14, 2023

Brussels, February 14 (QNA) – European stock indices rose today, with gains strengthened by positive business results for some companies, and after inflation data that was weaker than expected in Britain.

The European STOXX 600 index closed 0.5 percent higher after falling 1.0 percent in the previous session.

The British main index increased 0.8 percent after British consumer price inflation stabilized last January despite expectations of an increase.

An index of aviation and defense stocks rose 1.2 percent, near an unprecedented level.

Technology stocks rose 1.0 percent after sharp losses in the previous session, while mining stocks fell 0.5 percent to their lowest level in nearly four months.

Delivery Hero shares jumped 19.6 percent in its strongest session since December 2019, after the German food delivery services group expected that cash flows from normal operations would cover the settlement of bonds and debts due in the coming years.

Capgemini shares rose 6.9 percent after the French IT consulting group reported better-than-expected quarterly revenues.

2024-02-14 19:33:37
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