European stock markets are up this morning, with all major indexes and sectors in positive territory. Heineken shares jumped after the Dutch brewer posted a forecast-beating rise in operating profits and launched a share buyback program. Global focus remains on upcoming US inflation data.
was up 0.13% by 9:25 a.m. London time, with all major bourses and almost all sectors in the green. Food and beverage stocks on the Stoxx index led gains, up 1.44%, while oil and gas stocks fell 0.83%.shares jumped 12% and trading was briefly halted after the Dutch brewer posted a forecast-beating a rise in operating profits and launched a 1.5 billion euro share buyback program .Global market focus is on the latest U.S. consumer price index report for January that will be published on Wednesday.
He added:"My take is that won't speed up ... because the models I know and we use, what they is that an increase in trade frictions reduces growth, that's true, but at the other end, it also increases inflation, so we will have to be more patient.", Holzmann said:"I think this would not be a good decision, because our job is to deal with inflation, not with growth.
Heineken said it has seen signs of slowdown in demand for its beer in some European markets after its third-quarter sales rose by less than expected.on Wednesday posted a rise in operating profits that beat a forecast compiled by the company and said it would launch a 1.5 billion euro share buyback program.
STOCK MARKET INFLATION HEINEKEN BUYBACK PROGRAM EUROPEAN ECONOMY
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