European stocks edge higher; U.K. GDP offers hope of future growth
Investing.com - European stock markets traded higher Thursday, helped by signs of U.K. growth ahead of the release of key U.S. consumer inflation data which could provide monetary policy clues.rose 0.2% on the month in August, a substantial improvement from the surprise revised drop of 0.6% the prior month, when rainy weather and strikes by teachers and other workers hit the economy.
"The UK economy is holding up but remains in a precarious state," said David Bharier, head of research at the British Chambers of Commerce.kept interest rates on hold at its meeting last month for the first time since it began its tightening cycle in December 2021, and policymakers will have to weigh still elevated inflation with a slowing economy when they next meet.Confidence has been building as investors have started to get comfortable with the idea that the U.S.
However, comments in the weeks following September’s meeting suggest members are more wary about a further tightening of monetary policy following a sharp rise in Treasury yields.) stock rose 3.5% after the French advertising giant increased its 2023 sales and margin forecasts as it beat expectations in the third quarter, defying a general slowdown in the ads industry.) stock fell 4.
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