Europe closes higher after data releases

Wednesday, 19. January 2022 17:30

Major stock markets in Europe closed higher on Wednesday following a session marked by the releases of several economic reports. Those on consumer prices in Germany and the United Kingdom showed rises, but those were either lower than expected or in line with projections. Meanwhile, Bank of England Governor Andrew Bailey re-emphasized his stance that the pressures on inflation and the supply chain are temporary. Earlier, his Bank of France counterpart Francois Villeroy de Galhau estimated that that country's inflation will go below 2% by the end of the year.

The DAX rose by 0.14% at the close as Zalando SE grew by 3.35%. The FTSE 100 went up by 0.29%, with Polymetal International PLC surging by 7.59%. The CAC 40 advanced by 0.35% as LVMH Moet Hennessy Louis Vuitton SE expanded by 3.67%.

The euro gained 0.32% to the dollar at 5:27 pm CET to sell for $1.13531. At the same time, the pound sterling increased by 0.29% against the greenback to go for $1.36306.

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