European Markets React to Inflation Data

Following the latest consumer price index (CPI) figures, major European stock markets mostly ended on a higher note this Tuesday. Germany's Harmonized Index of Consumer Prices saw a year-over-year increase of 2.8% in December, slightly missing initial forecasts. Meanwhile, Eurozone inflation climbed to 2.4% for the same period.

Stable Inflation in Italy and France

Italy and France reported stable annual inflation rates at 1.3%, whereas Switzerland experienced a slight decrease to 0.6%. Additionally, the Eurozone's unemployment rate was recorded at 6.3% in November, indicating a steady labor market.

Volvo Group's Sales Surge

In corporate news, the Volvo Group announced an impressive 8% year-over-year increase in full-year sales for 2024, showcasing the company's strong performance amidst fluctuating market conditions.

Market Indices and Currency Movements

The DAX and EURO STOXX 50 indices saw gains of 0.70% and 0.49% respectively, while the CAC 40 increased by 0.59%. Conversely, the FTSE 100 experienced a minor loss of 0.08%. In currency markets, the euro and pound both saw slight decreases against the US dollar.

More updates to follow...