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