• 3 months ago
European markets surged to fresh highs on Friday, driven by China’s stimulus blitz and fresh inflation data. Chinese markets posted their strongest weekly gains in nearly sixteen years, as the CSI 300 index rallied following the country’s large-scale stimulus measures. Inflation in France and Spain showed sharp declines, raising expectations that eurozone inflation will drop below the ECB's 2% target. Moncler shares surged after LVMH's investment, while Banco Sabadell shares fell amid a hostile takeover bid from BBVA.

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00:00It's Benzinga and here's what's on the block.
00:02European markets surged to fresh highs on Friday driven by China's stimulus blitz and
00:07fresh inflation data.
00:09Chinese markets posted their strongest weekly gains in nearly 16 years as the CSI 300 Index
00:14rallied following the country's large-scale stimulus measures.
00:18Inflation in France and Spain showed sharp declines, raising expectations that Eurozone
00:22inflation will drop below the ECB's 2% target.
00:26Banclair shares surged after LMVH's investment, while Banco Sabadell shares fell amid a hostile
00:32takeover bid from BBVA.
00:33For all things money, visit Benzinga.com.

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