Europe’s major stock markets ended higher on the 15th (local time) as US retail sales rose in June despite a surge in inflation.
The DAX index of the Frankfurt Stock Exchange in Germany closed at 12,864.72, up 2.76% from the closing price of the previous trading day, and the CAC40 index of the Paris Stock Exchange in France, up 2.04%, to close at 6,036.00.
The pan-European index Euro Stoxx50 rose 2.37% to 3,477.20, and the London Stock Exchange FTSE 100 index rose 1.69% to 7,159.01.
U.S. retail sales for June rose 1.0% from the previous month, announced on the same day.
The consumption of furniture, groceries, gasoline, and even eating out increased.
“This could be good news for U.S. gross domestic product (GDP),” CMC Markets analyst Michael Hewson told AFP. .
/yunhap news
