European Stocks Rally on Slower US Inflation; UK Midcaps Jump [Yahoo! Finance]
SGS SA ADR (SGSOY)
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Source: Yahoo! Finance
The UK's domestically focused index outperformed as the country's price pressures also cooled. Most Read from Bloomberg These Homes Withstood the LA Fires. Architects Explain Why As E-Bikes Boom in NYC, Some Call for More Regulations Chicago Agency Pitches $1.5 Billion Plan to Fix Transit Woes NYPD Reforms Car Chase Policy Amid Rising Crashes, Injuries Churches, Cinemas — and Moon Artifacts — Top List of Endangered Monuments The Stoxx Europe 600 Index rallied 1.3% by the close, the most since September, as data showed US consumer prices rose in December by less than forecast after months of faster underlying inflation. The 10-year bond yield sank below 4.7% after the report, and traders priced in a Fed rate cut by July versus earlier expectations of September, according to swaps data. “Markets are very content as the disinflation trend is still well and going,” said Jeanne Asseraf-Bitton, head of research and strategy at BFT IM in Paris. “Investors keep the view that t
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