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European stocks hit their highest level since April 2022

April 2022 European stocks hit their highest levels since Thursday morning, with all sectors in positive territory.

Stocks 600 The index was trading at 450.19 at 9:50 am London time. Tourism and leisure stocks rose as much as 1.4%.

Autos, banks, retail and telecom sectors also traded 1% higher.

Stocks on the move: Ubisoft down 21%, Logica down 14%, Centrica up 5%

Shares of the French video game publisher Ubisoft The company dropped more than 21% in early trading after cutting its revenue guidance, delaying the release of its new game “Skull & Bones” and canceling three unannounced games.

Swiss computer peripherals company Logitech It fell more than 14% after quarterly revenue missed expectations and cut its sales outlook.

At the top of the European blue chip index, British Gas is the owner central It rose more than 5% after raising its full-year revenue forecast.

China’s consumer price index rose 1.8% in December

China’s inflation rose 1.8% in December, up from a year earlier as food prices rose. Data from Bureau of National Statistics showed.

“Prices of fresh vegetables and fresh fruits increased by 7.0% and 4.7% respectively,” the report said.

The CPI figure was in line with Reuters expectations and was higher than the previous month’s reading of 1.6%.

The reading was also flat with November, improving from a 0.2% decline.

China’s producer price index fell 0.7% in December from a year earlier, worse than expectations for a 0.1% drop.

– Lee Ying Shan

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Stocks closed higher as investors braced for Thursday’s inflation estimate

Stocks ended higher on Wednesday as investors braced for optimism ahead of Thursday’s CPI report.

The Nasdaq Composite gained 1.8%, snapping a four-day streak. A rally of that length hasn’t been seen in the tech-heavy index since September.

The Dow ended up over 260 points or 0.8%.

The S&P 500 Added 1.3%. All 11 sectors of the broad index ended the day led by real estate with gains of 3.6%.

– Alex Haring

European markets: Here are the opening calls

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