Investing.com – European stock markets edged higher Thursday, adding to the prior session’s sharp gains after benign US inflation kept potential rate cuts by the Federal Reserve on the table, although weak UK economic growth weighed on sentiment.
At 03:05 ET (08:05 GMT), the in Germany climbed 0.3%, the in France gained 0.7% and the in the UK gained 0.6%.
Optimism post tame US inflation Â
The drop in and strong earnings from a number of major US banks helped the major Wall Street indices register on Wednesday their biggest daily percentage gains since Nov. 6 – the day after the U.S. presidential election.
This optimism fed into the European market, with the pan-European recording its strongest daily performance in four months.
The gains have continued Thursday, although they have been tempered by data showing Britain’s rose for the first time in three months in November but by less than expected, edging up by 0.1% from…
