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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.

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– Lee Ying Shan

CNBC Pro: Morgan Stanley Names Its ‘Top Pick’ in Chinese Tech — And Offers It Up 70%

China’s tech sector has come under pressure in recent years, thanks to a regulatory crackdown and the fallout from the country’s zero-covid policy.

But Wall Street is giving Chinese tech stocks some love again, and Morgan Stanley named it its “top pick” in the sector.

Pro subscribers can Read more here.

– Javier Ong

CNBC Pro: Morgan Stanley Says These 3 Companies Are Taking Sustainability Seriously — And On The Upside

As investments in sustainability begin, companies also increasingly adopt sustainable practices.

Morgan Stanley It has three European stock picks to help sustainability-focused investors. Those companies not only have solid ESG credentials, but financial performance to boot.

Pro subscribers can Read more here.

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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

European markets edged higher on Thursday as investors braced for US consumer price data for December.

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of England FTSE 100 The index is expected to open 21 points higher at 7,746 DAX France rose 37 points to 14,985 CAC Italy, up 22 points to 6,946 FTSE MIB According to IG data, it was up 36 points to 25,583.

Revenue comes from Tesco, Marks & Spencer, ASOS and Persimmon. There are no big data releases in Europe.

– Holly Elliott

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