European stocks run higher after UK inflation data

to European stock markets today They were higher following benign inflation data from the United Kingdom and an encouraging report from Swiss bank UBS. At 7:30 am (Brasilia time), the pan-European Stoxx 600 index advanced 0.24% to 502.88 points.

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Earlier, the British statistics agency ONS reported The UK annual Consumer Inflation (CPI) rate rose to 2.2% in July, but this was slightly below forecast., Presses the pound And the Bank of England (BoE) is raising the prospect of cutting interest rates again in the coming months. An initial cut of 25 basis points from almost two weeks ago.

early in the morningWill be focused US CBIA day later Producer inflation (PPI) in the world’s largest economy has come in below expectationsThe Federal Reserve (Fed) is strengthening the starting opportunities Cut your base interest rates in September.

The European earnings season has been a highlight UBS posted better-than-expected second-quarter profit. At the time above, shares of the Swiss bank — which bought Credit Suisse in a rescue operation last year — rose more than 3% in Zurich.

It was also confirmed today Eurozone gross domestic product (GDP) grew by 0.3% in the second quarter First front. Already the The block’s industry was disappointed by an unexpected fall in production The month of June.

Early in the morning, major European bourses were up 0.47% in London, 0.49% in Paris and 0.39% in Frankfurt. Those in Milan, Madrid and Lisbon saw increases of 0.86%, 0.28% and 0.27% respectively.

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