Market Updates
European Markets Close Higher, German Import Price Inflation Eases
Bridgette Randall
01 Nov, 2022
Frankfurt
European markets closed up as investors digested a fresh batch of earnings and economic news in the region.
Germany's import price inflation cooled in September to 29.8% from 32,7% in August, according to the latest data released by Destatis Tuesday.
UK manufacturing activities fell at the fastest pace in more than two years in October, according to the data released from S&P Global Tuesday.
The Chartered Institute of Procurement & Supply factory Purchasing Managers' Index decreased to 46.2 in October from 48.4 in September.
Diageo Plc gained 0.4% after the company said it is starting its stock repurchase program's fourth and final phase.
The company intends to purchase
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