2024-04-18 10:39:36
European markets closed today’s trading session with growth, although global markets were shaken by comments from Federal Reserve Chairman Jerome Powell, which called into question the lowering of interest rates in June, reported CNB, quoted by BTA.
London’s FTSE 100 added 27.63 points, or 0.35 percent, to 7,847.99.
In Frankfurt, the DAX rose 3.79 points, or 0.02 percent, to 17,770.02.
The Paris CAC 40 added 48.9 points, or 0.62 percent, to 7,981.51.
The pan-European Stoxx 600 rose 0.2 percent, with most sectors in the green. The shares of household goods companies rose in price the most – 1.8 percent, while technology companies fell by 2.6 percent.
Shares of luxury goods maker LVMH jumped 5.2 percent after the company reported moderate sales growth in the first quarter.
Powell said last night that the Fed needs to see more progress in the fight against inflation to start cutting interest rates.