Eurozone Inflation Eases Less Than Expected, Prompting ECB Caution
TL;DR
European markets closed higher as euro zone inflation fell less than expected, with the pan-European Stoxx 600 ending the session up 0.6%. Tech stocks led gains, while insurance fell. Daimler Truck shares surged 18% after raising its dividend and announcing a new 2 billion euro share buyback program on the back of better-than-expected pre-tax 2023 earnings. Grifols and ITV also posted double-digit gains on strong results. In Asia-Pacific, Japan's Nikkei 225 closed at a fresh record high, and U.S. stocks were higher after wrapping a fourth consecutive winning month.
Topics:businessfinance#daimler-truck#earnings#euro-zone-inflation#european-markets#finance#stock-market
- European markets pare gains as euro zone inflation falls less than expected CNBC
- Eurozone Inflation, Continuing to Ease, Rose 2.6% in February The New York Times
- Inflation remains sticky in Europe, with core prices cooling less than expected CNBC
- Euro zone inflation dips but stubborn core prices may worry ECB Reuters
- Eurozone Inflation Slows Less Than Forecast, Backing ECB Caution Bloomberg
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