Friday, 23 February 2018
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Europe ends sharply higher amid earnings, as investors shake off US inflation data

European stocks were near session highs at Wednesday's close, as investors shrugged off concerns surrounding U.S. inflation data and cheered on positive corporate news.

The pan-European Stoxx 600 finished up 1.07 percent to 374.53, recovering from a sharp dip in afternoon trade. Turbulence in the region came after the much-anticipated release of the U.S. inflation data, which came in above expectations.

Sectors moved back into the black in late afternoon trade, with almost all industries closing above 1 percent, as U.S. markets posted slight gains around Europe's close.

On the bourses front, the U.K.'s FTSE 100 closed up 0.64 percent, while France's CAC 40 and Germany's DAX jumped 1.10 percent and 1.17 percent respectively. In peripheral markets, almost also indexes closed higher, with Italy's FTSE MIB soaring 1.81 percent.

Source: CNBC

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