Europe Boosted by Us Inflation Report ; Germany

Summary


European shares rose sharply helped by a tame reading on US core inflation that eased concerns over potential Federal Reserve rate increases and sent bond yields lower.

The FTSEurofirst 300 index of top European companies closed up 1.28 percent at 1,625.87 points, taking its gain in the week to 3.7 per cent and wiping out its losses of the previous week, when rising bond yields seduced investors.

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Extract


Europe Boosted by Us Inflation Report ; Germany

The European index is now up 9.5 per cent this year, driven by...

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