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Indonesia News Portal for Traders | Financial & Business Updates

10 January 2025 00:18  |

European Stocks Close Higher Despite Inflation Concerns; Greggs Tumbles 16%

European stocks closed higher on Thursday as global markets focused on the inflation outlook.

The pan-European Stoxx 600 index ended up 0.42% after starting the day in negative territory.

The majority of major bourses and sectors also closed in the green, with mining stocks leading gains, up 1.47%, while retail fell 0.84%.

Shares in British on-the-go food retailer Greggs closed down 15.8% after sales came in below analyst expectations. Meanwhile, Danish vaccine maker Bavarian Nordic rose 3.8% after the company announced the initiation of a planned share buy-back program of up to DKK 150 million ($20.7 million).

Source : CNBC

 

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