European stocks rise as inflation concerns dominate market sentiment; Greggs tumbles 10%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2025
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Source: CNBC
European Market Overview: European stocks rose slightly amid inflation concerns, with the Stoxx 600 index up 0.2%. Retail stocks fell while mining stocks gained, reflecting mixed market sentiments influenced by global inflation outlooks.
Company Performance Highlights: Marks and Spencer reported an 8.9% rise in food sales, while B&M's shares dropped 13% after lowering profit forecasts. Greggs saw a sales increase but fell short of expectations, leading to a 10% drop in its shares.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
