European markets close higher as investors weigh economic outlook

European markets closed higher Monday after starting the new trading week on an uncertain note with investors reassessing the economic outlook. The pan-European Stoxx 600 closed 0.5% higher, with tech stocks adding 2.2% while insurance stocks slid 0.5%. Global markets have been weighing the possibility that the Federal Reserve is getting ready to slow the … Read more

European markets cautious as investors weigh economic outlook

European markets started the new trading week on an uncertain note Monday with investors reassessing the economic outlook. The pan-European Stoxx 600 was up 0.2% by early afternoon, with tech stocks adding 1.5% while chemicals slid 0.5%. Global markets have been weighing the possibility that the Federal Reserve is getting ready to slow the pace … Read more

UK inflation jumps to 40-year high of 9% as food and energy prices spiral

The UK’s Office for National Statistics said its estimates suggest that inflation would have last been higher “sometime around 1982.” Justin Tallis | Afp | Getty Images LONDON – UK inflation soared to a 40-year high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country’s cost-of-living crisis. … Read more