U.S. and European exchanges rose on U.S. inflation data

Major U.S. and European stock indices closed Tuesday with a gain of within 2% on better-than-forecasted U.S. inflation statistics for November. On an annualized basis, the consumer price index rose 7.1 percent, whereas analysts had expected 7.3 percent; relative to October, it was up 0.1 percent, 0.2 percentage points below the forecast. By comparison, year-over-year inflation was 7.7% in October.

The stock exchanges reacted with active growth - these results strengthened investors' confidence that the Federal Reserve will slow down the rate of key rate hikes. By the end of the day the Dow Jones rose 0.30%, the S&P 500 rose 0.73% and the NASDAQ gained 1.01%. The German DAX added 1.98%, the British FTSE 100 gained 0.86% and the French CAC 40 gained 1.70%.

According to Phillip Newhart, head of market economic research at First Citizens Bank Wealth Management, Prime news agency, citing Bloomberg, if inflation continues to slow at the same rate, the Fed may stop raising rates in the first half of 2023.