1559 GMT - European banks rise after U.S. inflation numbers and results from U.S. peers lifted investors' mood. The Stoxx Europe 600 Banks sector index rises 2%, while the broader Stoxx Europe 600 is up 1.4%. Gains in European bank stocks accelerated after JPMorgan Chase, Wells Fargo and Citigroup kicked off the earnings season, and they got another boost from the U.S. December inflation report. U.K. banks are the top performers, with Barclays shares up 6.3%. On the continent, Societe Generale is up 3.4% and Deutsche Bank up 3.2%. "After strong quarterly figures from U.S. banks, the inflation report is not standing in the way of a favourable trading day," CMC Markets' Jochen Stanzl says in a market comment. Falling rates in U.S. core inflation means bulls on Wall Street got what they were hoping for, Stanzl says. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 10:59 ET (15:59 GMT)
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