Major stock markets in Europe traded in the green at the end of Friday’s session as investors digested the latest inflation reports. Namely, German annual inflation climbed by 2.3% in July, while on a monthly basis, it increased by 0.3%. Meanwhile, a final report showed that July’s inflation in Italy jumped 1.3% year-over-year and 0.4% month-on-month.
The DAX added 0.26% at close, as Rheinmetall AG surged 4.81%. The FTSE 100 improved by 0.28%, with EasyJet plc climbing by 3.17%. The CAC 40 advanced by 0.31%, while Accor SA rose 1.56%. The Euro Stoxx 50 went up by 0.12%, and Inditex SA added 1.87%.
The euro was flat compared to the dollar, selling for $1.09239 at 5:31 pm CET. At the same time, the pound jumped 0.16% against the greenback to go for $1.27986.
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