US and European stock markets experienced solid growth again in the middle of the trading week. Investors are optimistic on the back of fresh inflation data from some key euro area countries. And they are waiting anxiously for the latest data on price growth in the US.
Another day in the plus
Thursday’s release of the latest figures on the price level in the U.S. last December is the main reason why Wall Street stocks notched another day in the black. Investors expect inflation to have fallen in December, which could theoretically mean a more moderate interest rate hike by the Fed.
The main index of the New York Stock Exchange, the S&P 500, gained 1.28 percent on Wednesday, while the Nasdaq technology index even added 1.76 percent. Wall Street has already added more than four percent in the past five days, with technology adding as much as 5.7 percent.
Europe is not lagging behind
Stocks also did well in Europe in the middle of the trading week. The biggest gain was recorded by the Frankfurt Stock Exchange, whose DAX index strengthened by 1.17 percent. The stock markets in Paris (0.8), Milan (0.72) and London (0.4) also rose solidly. The pan-European Stoxx 600 index gained 0.38 percent.