European stocks turn positive despite inflation concerns; Greggs tumbles 15%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2025
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Source: CNBC
European Market Trends: European stocks rose 0.4% as investors focused on the inflation outlook, with concerns about persistent inflation affecting global markets and leading to a sell-off in certain sectors like shipping and retail.
Company Performance Highlights: Marks and Spencer reported strong food sales growth, while B&M and Greggs faced declines in share prices after lowering profit forecasts despite reporting increased sales; Volkswagen's vehicle deliveries decreased amid challenging market conditions.
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.
