2024-01-10 09:19:00
© Archyde.com. An electronic screen displays data for the German DAX index on the Frankfurt Stock Exchange on January 5, 2024. Photography: Archyde.com.
(Archyde.com) – European stocks fell on Wednesday, affected by a decline in shares of basic resources companies, while investors considered corporate earnings and awaited key data on inflation in the United States for clues on the path of interest rates.
The European index fell 0.2 percent by 8:15 GMT.
Shares of basic resources companies fell 0.5 percent, leading the index’s losses, tracking the prices of basic and precious metals, with investors remaining cautious ahead of key inflation data in the United States scheduled to be released on Thursday.
On the data front, Norway’s core inflation rate fell less than expected in December, which may help the central bank in the planned easing of monetary policy.
The shares of the Italian company David Campari fell 5.4 percent to the bottom of the STOXX 600 index following the spirits group completed a private offering of shares and bonds worth 1.2 billion euros (1.3 billion) to finance the acquisition of the French cognac company Courvoisier.
(Prepared by Noha Zakaria for the Arabic Bulletin – Edited by Sameh Al-Khatib)
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