STOXX Europe 600(EUR)(TR)

Index

SXXR

EU0009658210

Delayed Switzerland 11:50:00 2024-04-29 am EDT			5-day change	1st Jan Change
1,220 ^PTS	+0.11%		+1.39%	+7.27%

06:46pm	Nordic Shares Rose Monday; Ratos Series A Climbed Highest	DJ
06:14pm	European Equities Close Mixed in Monday Trading; Economic Sentiment Falls in April; Lawsuit Dents Deutsche Bank Shares	MT

European shares edge higher as US CPI data looms, Credit Agricole gains

May 10, 2023 at 03:15 am EDT

(Reuters) - European shares inched higher on Wednesday as Credit Agricole gained after posting upbeat earnings, while investors were on tenterhooks ahead of U.S. inflation data that is likely to shape expectations for rate cuts in the world's largest economy.

European shares edge higher as US CPI data looms, Credit Agricole gains

The pan-European STOXX 600 index was up 0.1%, as of 7:04 GMT.

U.S. consumer price index (CPI) data, due at 8:30 am ET (12:30 GMT), comes after a strong payrolls report last week dampened hopes of rate cuts from the Federal Reserve anytime soon.

Shares of Credit Agricole SA gained 3.8% after France's second-biggest listed bank beat first-quarter earnings estimates on a boost from trading revenue.

Siemens Healthineers fell 5.3% as the medical device maker said it was discontinuing its heart surgery robots business after its quarterly operating profit fell 30%.

Swedish Orphan Biovitrum dropped 15.3% to the bottom of the STOXX 600 after the drug maker said it had agreed to make a $1.7 billion cash offer to buy U.S.-based CTI BioPharma.

(Reporting by Amruta Khandekar; Editing by Sonia Cheema)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
EURO STOXX 50	4,981 PTS	-0.51%	+0.90%	-
STOXX EUROPE 600(EUR)(TR)	1,220 PTS	+0.11%	+1.39%	-
STOXX EUROPE 600 (EUR)	508.3 PTS	+0.07%	+1.20%	-
SWEDISH ORPHAN BIOVITRUM AB	283.4 SEK	+0.85%	+7.84%	8.71B
SIEMENS AG	177.6 EUR	+0.01%	+2.08%	149B
MSCI EUROPE (STRD, UHD)	170.5 EUR	+0.01%	+1.82%	-
SIEMENS HEALTHINEERS AG	52.74 EUR	-0.38%	+2.49%	63.06B

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