European stocks rose on Tuesday, with government bond yields falling following comments from European Central Bank officials and data confirming cooling inflation in the euro zone.
The pan-European STOXX 600 index closed 0.36% higher at 477.04 points, with New York’s S&P 500 index trading near its all-time highs as investors expect the world’s major central banks, including the Federal Reserve and the ECB begin to cut interest rates. next year.
The travel and leisure index rose 1.8%, leading sector gains in Europe, followed by mining and financial services.
Data confirmed that inflation in the Eurozone fell sharply to 2.4% in November on a year-on-year basis, although many economists expect price pressure to increase again in the coming months.
Boosted by optimism about interest rate cuts, the STOXX 600 is on track for its second monthly gain in December and a 12.4% advance for the year.
IN LONDON, the Financial Times index advanced by 0.31%, to 7,638.03 points.
IN FRANKFURT the DAX index rose by 0.56%, to 16,744.41 points.
IN PARIS, the CAC-40 index gained 0.08%, to 7,574.67 points.
IN MILAN the Ftse/Mib index grew by 0.41%, to 30,363.53 points.
In MADRID, the Ibex-35 index recorded an increase of 0.52%, to 10,106.70 points.
IN LISBON, the PSI20 index depreciated by 0.30%, to 6,365.20 points.
Source: Terra
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