European stocks rise as markets digest US inflation and earnings data; THG looks for rebound

by Chonce Maddox

European stock indexes rose on Thursday, with investors from around the world reacting to the latest US inflation and earnings data.

The pan-European Stoxx 600 was up 0.8% in early trading, with the major resources , adding 2.2% to the lead arrived as all sectors and major stock exchanges entered positive territory.

Global markets are digesting the latest US inflation data, which exceeded expectations in September, adding to pressure on the US Federal Reserve to raise rates sooner rather than later.

The US consumer price index jumped 0.4% in September from the previous month and 5.4% year-on-year, the Labour Department said on Wednesday. Economists had expected a monthly increase of 0.3 per cent or 5.3 per cent year-on-year, according to Dow Jones.

Minutes from the Federal Open Market Committee's September meeting, published on Wednesday afternoon, showed that the central bank could start cutting its asset-buying programme as early as mid-November.

Also in the spotlight for the third quarter reporting season, which began on Wednesday with JPMorgan Chase; the bank reported quarterly profits above expectations after a better-than-expected rise in credit losses. Bank of America, Citigroup, Morgan Stanley and Wells Fargo are due to report earnings before the bell on Thursday.

In the Asia-Pacific region stocks mostly rose overnight as investors reacted to the release of Chinese inflation data for September which showed that the producer price index for September climbed 10.7% year-on-year, slightly above expectations in a Thai ตาราง เวลา Forex survey of 10.5%. US stock futures rose in early premarket trading on Thursday.

Ahead of Thursday's CNBC reports, Russian energy week continues and this morning we will be interviewing Alexander Novak, Russia's deputy prime minister and former energy minister.

On Wednesday, CNBC hosted a discussion with Russian President Vladimir Putin and the CEOs of BP, TotalEnergies, ExxonMobil and Daimler on topics ranging from gas to geopolitics .

Putin told CNBC that the energy crisis in Europe is largely self-inflicted, and said Russia is willing to increase supplies to the region if asked.

As for individual share price movements, UK e-commerce company THG, backed by SoftBank, was up more than 8% in early trading, starting to recover after a 35% fall on Tuesday after a day in the capital markets that had unpleasant consequences.

At the bottom of the European blue-chip index, Danish medical company Demant fell 4.1% after its cochlear implant business voluntarily withdrew its shares.

3 comments

Dana Brandt November 29, 2017 - 8:11 pm

These tips are great if you want to keep your wedding budget low. The one thing you defintely should spend money on is a good photographer because those pictures are awesome to look at years from now and they last lnger than the other stuff!!

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Chandirrasekar DCS August 30, 2017 - 5:31 am

I do want to spend more money for organizing a grand wedding ceremony. I planned out for a simple and decent wedding for my daughter. The above post helped me to organize my daughter’s wedding within my budget. A budget wedding is possible only when you limit your guests.

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Sylvia @Professional Girl on the Go May 16, 2017 - 4:56 am

Great post! My budget for our wedding for $5,000 and I tried my hardest to stay within that amount. I was a few dollars over, so I was happy about that. Also, I was lucky enough to have a few items paid for by my mom and my Mother in Law

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