- July 12, 2024
- By: Admin1_blog
- EU Market, Indices
Jenni Reid
KEY POINTS
- European stocks opened higher Friday, defying a broader selloff as global investors await the U.S. producer price index.
- Telecom stocks rose 0.95% led by Ericsson, which jumped 8% after reporting a smaller revenue decline than analysts expected.
- Technology stocks took their cues from Wall Street, retreating 0.3% after a choppy session in which investors rotated out of the “Magnificent Seven” into the rest of the market.