European stocks rebound as US CPI slowdown eases rate hike fears

Macro
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Summary · why it matters

European stock markets closed higher. The June US consumer price index rose at a slower pace and came in below market expectations, easing concerns about Federal Reserve rate hikes and prompting buying. The STOXX Europe 600 index gained 0.17 percent to 642.10, while the FTSE 100 index added 0.30 percent to 10,529.39. Resource and banking stocks led the advance, with mining giant Glencore up 3.1 percent, Rio Tinto rising 3.3 percent, and UK lenders Barclays and HSBC each climbing 1.9 percent. Travel and leisure shares were weak, and Sweden's Ericsson tumbled 12.6 percent after quarterly revenue missed estimates. In eurozone bond markets, the German two-year yield briefly hit 2.7985 percent, its highest since July 2024, as tensions in Iran stoked concerns over rising energy prices.

Impact on stocks 6

Financials▲ · 2 stocks
Barclays PLC
BARC
▲ PositiveMonetaryrelevance

US CPI slowdown eases rate hike fears, boosting banking stocks.

HSBC Holdings PLC
HSBA
▲ PositiveMonetaryrelevance

US CPI slowdown eases rate hike fears, boosting banking stocks.

Critical Materials & Supply Chain▲ · 2 stocks
Glencore PLC
GLEN
▲ PositiveMonetaryrelevance

US CPI slowdown eases rate hike fears, boosting resource stocks.

Rio Tinto PLC
RIO
▲ PositiveMonetaryrelevance

US CPI slowdown eases rate hike fears, boosting resource stocks.

Artificial Intelligence▼ · 1 stocks
Information Technology▼ · 1 stocks
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