European shares hit one-week highs on US inflation data via IrishTimesBiz
All the Stoxx 600 sectors were trading higher, with rate-sensitive tech stocks up 3.3 per cent and in the lead, while banks rose 1.4 per cent to near one-week highs., which analysts see as potentially facing credit stress from rising interest rates, jumped between 5 per cent and 9.3 per cent.slipped 1.7 per cent after the US supreme court on Monday cleared the way for California to enforce a voter-approved ban on flavoured tobacco products.rose 5.
“This month’s report provides confirmation of October’s step down in inflation pressures, and is welcome news for the Fed,” Morgan Stanley strategists wrote in a note on Tuesday morning.Of the main US indices, the Dow Jones Industrial Average fell about 0.2 per cent, the S&P 500 gained 0.2 per cent and the Nasdaq Composite added 0.35 per cent. – Additional reporting by Reuters
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