European Markets React to UK Economic Data

As European stock markets opened on Wednesday, they showed mixed performance, influenced by the latest inflation data from the United Kingdom. Reports indicate that consumer prices increased to 2.6% in November, while producer prices decreased by 0.6%.

In the US, investors are closely watching the Federal Reserve's upcoming monetary policy decision, expected later today. Meanwhile, specific market indices in Europe reflected this uncertainty. The DAX dropped by 0.09% at 8:00 am CET, contrasting with the FTSE 100's 0.18% advance. The CAC 40 slipped by 0.08%, and the Euro Stoxx 50 remained unchanged a minute later.

Currency markets also saw movements, with the euro gaining 0.21% against the dollar, trading at $1.05108 at 7:58 am CET. The pound remained stable against the dollar, trading at $1.27129 at 7:59 am CET.