© Reuters.
Investing.com – European stock markets rose Friday, extending November’s positive momentum on renewed hope that the European Central Bank has completed its rate-hiking cycle.
At 03:05 ET (08:05 GMT), the in Germany traded 0.6% higher, the in France traded up 0.7% and the in the U.K. rose 0.5%.
Eurozone inflation in focus
European stocks recorded in November their best month since January, as easing inflation boosted talk that the is done with aggressive rate hikes.
These expectations were added to Thursday after data showed that fell to 2.4% in November, down from 2.9% in October and significantly lower than expected.
ECB officials have been keen to play down expectations of rate cuts next year, but the new governor of the Bank of Italy, Fabio Panetta, who is also a member of the ECB’s governing council, said on Thursday that the ECB must not cause “unnecessary damage” to the economy and financial stability through sustained high interest rates.
ECB President is set to speak later in the session, ahead of an appearance from Fed Chair Jerome Poweel, and their views on future monetary policy will be studied carefully.
The latest data on in the…
Read the full article here