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Czech annual headline inflation accelerated to 3.4% in July, the highest since February 2020, strengthening expectations of interest rate hikes ahead as the central bank tries to curb price pressures amid a fast economic recovery. ....
Natixis reveals delay in selling back H2O majority stake citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
European stocks rose on Thursday after one of the worst selloffs this year as strong earnings and merger talks in the chip sector helped investors look past inflation worries. ....
2 Min Read (Reuters) -European stocks rose on Thursday after one of the worst selloffs this year as strong earnings and merger talks in the chip sector helped investors look past inflation worries. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 12, 2021. REUTERS/Staff The pan-European STOXX 600 index rose 0.5% after suffering a 1.5% loss in the previous session. Tech stocks gained 1.2% to lead sectoral gains. Oslo-listed chipmaker Nordic Semiconductor jumped 9% to the top of STOXX 600 after an Italian daily reported that Franco-Italian rival STMicroelectronics is mulling an offer to buy the company. ....
Earnings, chip M&A keep European stocks buoyant European stocks rose on Thursday after one of the worst selloffs this year as strong earnings and merger talks in the chip sector helped investors look past inflation worries. The pan-European STOXX 600 index rose 0.5% after suffering a 1.5% loss in the previous session. Tech stocks gained 1.2% to lead sectoral gains. Oslo-listed chipmaker Nordic Semiconductor jumped 9% to the top of STOXX 600 after an Italian daily reported that Franco-Italian rival STMicroelectronics is mulling an offer to buy the company. A rally in economy-linked cyclical sectors on the back of reopening optimism and solid earnings drove the STOXX 600 to record high earlier this month, but inflation worries and a rise in market volatility put the index on course for weekly losses. ....