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European markets moved up

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European markets moved up

Yesterday’s session on major European stock markets ended with growth, after even a slight decline in inflation in the eurozone. In particular, inflation in the Eurozone fell to 8.5% in February from 8.6% a month earlier. Inflation fell less than expected – forecasts had suggested 8.2% – raising expectations that the European Central Bank will continue to raise interest rates at a rapid pace.

Meanwhile, European Central Bank board member Ignacio Visco said officials should keep raising interest rates in the fight against the unprecedented inflation of the euro era.

“There is no doubt that eurozone monetary tightening needs to continue to prevent the temporary increase in inflation caused by a supply shock from turning into a more sustainable phenomenon supported by demand factors,” the head of the Bank of Russia said. Italy.

The pan-European Stoxx 600 rose 0.51% to 460 points.

In European markets, the pan-European Stoxx 600 added 0.51% to 460 points, the London FTSE 100 rose 0.37% to 7944 points, the Frankfurt DAX 30 rose 0.15% to 15327 points, and the CAC 40 in Paris recorded an increase of 0. .69% to 7284 points. units.

On the commodity market, WTI oil rose 0.8% to $78.28 a barrel last night, while gold fell 0.1% to $1,844 an ounce.

At the same time, the euro lost 0.7% against the dollar to $1.0595.

Author: newsroom

Source: Kathimerini

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