Europe ends higher despite troubling US inflation data
Major European stocks finished Thursday's session in the green territory as concerns over the soaring inflation in the United States persisted following the latest CPI data. Investors also awaited new French and Spanish inflation readings set for release on Friday.
Meanwhile, nuclear rhetorics relaxed to some degree after some western allies confirmed they wouldn't respond with nuclear capabilities in case Russia used its nuclear weapons in Ukraine. On the other hand, Moscow reiterated the goal of its military operation could also be achieved through negotiations with Kiev.
The DAX jumped 1.51% or 183 points at the closing bell, while the FTSE 100 rose 0.35% and the CAC 40 expanded by 1.04%. The euro grew 0.65% against the dollar to sell for 0.97667 at 5:30 pm CET, while the pound soared 1.97% to $1.13160.