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European Stocks Reverse Early Losses On Inflation Data; Micro Focus Down 30%


Thursday, 29 August 2019 15:21 WIB

Stoxx 600Saham Eropa


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European markets reversed early losses on Thursday morning as soft inflation data reinforced expectations that the ECB (European Central Bank) will inject stimulus into the economy next month.

The pan-European Stoxx 600 climbed 0.4% at 375.08 in early trade, construction and material stocks adding 0.8% as most sectors and major bourses entered positive territory.

The German state of Saxony reported CPI (consumer price index) inflation at +1.4% year-on-year, falling further below the ECB target, while Spain’s August HCPI (harmonized consumer price index) came in at +0.4%, down from +0.6% on the year in July. The ECB has indicated that stimulus could be forthcoming if inflation continues to languish well below its target of almost 2%.

Source : CNBC


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