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European stock markets rallied across the board on Wednesday. At the close, the French CAC40 index posted the largest increase, followed by the UK’s FTSE 100 index and the European Stoxx 600 index, and the German DAX index posted the smallest increase. It is worth mentioning that headline inflation in the euro area fell to 10.0% in November from 10.6% in October, the first decline since June 2021. Some market analysts have pointed out that this indicates that headline inflation in the euro area it may have passed its peak; considering the high core inflation, the European Central Bank is expected to raise interest rates by at least 50 basis points in December, and could also raise interest rates by 75 basis points.
European stocks rise across the board, eurozone inflation falls
European stock markets rallied across the board on Wednesday. At the close, the French CAC40 index posted the largest increase, followed by the UK’s FTSE 100 index and the European Stoxx 600 index, and the German DAX index posted the smallest increase. It is worth mentioning that headline inflation in the euro area fell to 10.0% in November from 10.6% in October, the first decline since June 2021. Some market analysts have pointed out that this indicates that headline inflation in the euro area it may have passed its peak; considering the high core inflation, the European Central Bank is expected to raise interest rates by at least 50 basis points in December, and could also raise interest rates by 75 basis points.
