European stocks rise on economy optimism, euro hits 9-month high

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Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn

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Graphic: World FX rates http://tmsnrt.rs/2egbfVh

LONDON, Jan 23 (Reuters) – European stock indexes rose
slightly in early trading on Monday, supported by hopes that
inflation could be past its peak, as markets softened their
expectations for future Federal Reserve rate hikes.

Liquidity was thin overnight as markets in China, Hong Kong,
Singapore, Malaysia, South Korea and Taiwan were closed for the
Lunar New Year holiday.

At 0947 GMT, the MSCI World Equity index was up 0.3% on the
day, holding just below last week’s highs.

Europe’s STOXX 600 and London’s FTSE 100 were both up 0.2%
on the day .

Signs of inflation softening, falls in commodity prices and
the easing of China’s COVID-19 restrictions have raised hopes…

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