European Stocks Climbed as Traders Shook Off Inflation Data

On Wednesday, European stocks inched closer to record highs as traders shook off concerns about the rising inflation data. 

After seven consecutive months of gains, the pan-European STOXX 600 soared 0.06% to $473.76 per share. 

Similarly, the European STOXX 50 spiked 0.72% to $4,226.45 per share. 

Last Tuesday, concerns spilt as the eurozone inflation hiked to a 10-year-high in August. 

In line with this, the European Central Bank may reduce emergency bond purchases in the next quarter.

Experts forecasted that the eurozone unemployment rate could fall to 7.60% in July from 7.70% in the previous month.

On the London Stock Exchange, FTSE All-Share Index inched 0.61% to $7,160.65 per share.

Likewise, the FTSE 100 Index increased 0.64% to $7,165.01 per share.

Just Eat Takeaway.com NV shares improved 4.07% to $93.99 per share, making it the index’s top performer. Consequently, Informa Plc also hiked to 3.88% to $110.44.

Moreover, Antofagasta Plc sharply fell at the bottom of the list with 2.54% to $19.54 per share. 

On the Frankfurt Stock Exchange, the MDAX Performance Index plummeted to 0.27% to $36,012.00 per share. 

Aixtron SE, a semiconductor industry company, led the gains as it jumped 0.62% to $29.64 per share. 

Additionally, mass media firm ProSiebenSat.1 spiked 2.44% to $19.58 per share. 

Rational AG plummeted to the bottom with a 2.02% loss to $1121.87 per share. 

Also, the DAX index soared 0.07% to $15,847.45 per share. 

On the Paris Stock Exchange, the CAC 40 Index climbed 0.97% to $6,745.13 per share.

Asian Stocks Mixed on Slow-Growth Fear

Meanwhile, Asian stocks mixed as concerns spilt on slowing global growth.

The China Caixin manufacturing purchasing managers’ index for August posted at 49.2, below its mark of 50 that set apart expansion from contraction.

The MSCI’s broadest index of Asia-Pacific shares outside Japan plunged 0.40%, losing its three-week high.

In the Asia Pacific region, Japan’s TOPIX index rose 1.02% to $1,980.79 per share. 

The Nikkei 225 edged up 1.29% to $28,451.02 per share, while South Korea’s Kospi improved 0.24% to $3,207.02 per share. 

In China, the Shanghai Composite Index increased 0.65% to $3,567.10 per share.

However, Shenzhen Component Index declined 0.10% to $14,314.09 per share. 

Meanwhile, Hong Kong’s Hang Seng index jumped 0.58% to $26,028.29 per share. 

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