European shares rise on soft U.S. inflation data
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
German inflation confirmed at 2.5% in June
DNB up after Q2 beat on higher fees
Ambu jumps after it hikes outlook, reports Q3 beat
STOXX 600 up 0.6%
Updated at 1615 GMT
By Shristi Achar A and Shubham Batra
July 11 (Reuters) -European shares extended gains on Thursday as more upbeat earning updates and softer-than-expected U.S. inflation data rolled in, strengthening the case for a September rate cut from the U.S. Federal Reserve.
The Europe-wide STOXX 600 index .STOXX ended 0.6% higher, slightly off the two-week high it notched earlier in the session.
U.S. consumer prices fell for the first time in four years in June amid lower gasoline costs and moderating rents, firmly putting disinflation back on track and drawing the Fed another step closer to cutting interest rates in September.
Real estate shares .SX86P and utilities .SX6P were the biggest boost to the benchmark index, while the STOXX 200 small cap index .SCXP outperformed the large caps with a 1.1% rise.
"(The data) has boosted expectations that the Fed will cut rates, starting in September. And if the Fed cuts, it makes it easier for the ECB to do so as well," said Stuart Cole, chief economist at Equiti Capital.
"European markets are thinking along these lines, and now anticipating a brisker pace of monetary easing in Europe than was previously expected. And that is good for stocks."
Money markets have now priced in an over 85% chance of a U.S. rate cut in September. 0#FEDWATCH
In the region, a report showed Germaninflation eased to 2.5% in June, confirming preliminary data, opening the door for further cuts from the European Central Bank. The ECB will cut its deposit rate twice more this year, in September and December, according to aReuters poll.
Germany's DAX index .GDAXI added 0.7%.
French stocks .FCHI rose 0.7%,led by Vivendi's VIV.PA 5.5% advance after a report that the media group is exploring a spin-off and potential London listing for its Canal+ TV unit.
British water company Pennon PNN.L jumped9.6% after it named company insider Laura Flowerdew as its new CFO.
DNB DNB.OL, Norway's largest bank, gained 5.8% after it reported higher-than-expected second-quarter earnings and said its results were supported by a stable economy.
Ambu's shares AMBUb.CO jumped 4.7% to their highest since February 2022 after the Danish medical equipment maker hiked its full-year outlook and its preliminary third-quarter numbers beat consensus.
Barry Callebaut BARN.S tumblednearly 12% to the bottom of the STOXX 600 after the Swiss chocolate maker said quarterly sales volumes declined and cocoa prices had boosted its costs.
Reporting by Shubham Batra and Shristi Achar A in Bengaluru; Editing by Savio D'Souza and Aurora Ellis
Aset Berkaitan
Berita Terkini
Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
