Market Updates
European Markets Extended Gains, Yield Eased, Pound, Euro and Swiss Franc Edge Higher
Bridgette Randall
12 Jan, 2023
Frankfurt
European markets extended gains to 9-month highs on the expectations of moderating inflation worldwide and ahead of the U.S. inflation report later today.
The indexes accelerated gains after the U.S. inflation eased to 6.5% in December on the sharp decline in gasoline prices and declined 0.1% from the previous month, the Bureau of Labor Statistics reported Thursday.
Europe Indexes In Review
The DAX index increased 0.7% to 15,058.30, the CAC-40 index advanced 0.7% to 6,975.68 and the FTSE 100 index traded higher 0.9% to 7,794.04.
Brent crude oil closed up $1.56 to $84.23 a barrel and the Dutch natural gas futures contract price rose 2.2% to
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