Business

European markets start to open excitingly ahead of US inflation data


LONDON – European stocks are expected to open positively on Wednesday as investors await key US inflation data to be released on Thursday.

UK FTSE The index is seen opening 58 points higher at 7,615, in Germany DAX 102 points higher at 15,338, of France CAC 40 48 points up at 7,071 and in Italy FTSE MIB 180 points higher at 26,586, according to data from IG.

Global investors await the release of inflation data on Thursday, with the US Labor Department to release January’s consumer price index figures.

Inflation data is expected to show prices rose 0.4% in January, up 7.2% from a year ago, which would be the highest level in nearly 40 years. The reading followed a stronger-than-expected January jobs report, which has led to speculation that the Federal Reserve may be more aggressive when it comes to rate hikes.

Bank of America said on Monday that the Fed can do seven raise interest rates by a quarter percent this year.

Overnight, Shares in Asia-Pacific rose in Wednesday’s trading sessionwith shares in Hong Kong leading the gain in the region while US stock futures Slight gains in overnight trading as investors brace for another round of corporate earnings.

It’s been a busy day for earnings in Europe with L’Oreal, Deutsche Boerse, Siemens Energy, ABN Amro, Adyen, AkzoNobel, Barrett Developments and GSK all preparing reports. Released data includes German trade data for December.

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