European Markets React to Latest Economic Reports

As investors eagerly scrutinize the latest economic reports, major European stock exchanges presented a mixed picture in the premarket this Wednesday. Notably, inflation in the euro area experienced a rise to 2.4% in December 2024, sparking discussions and analyses among market participants.

Key Data on the Horizon

Attention is now turning towards the release of German factory orders and retail sales, alongside the Eurozone's producer inflation and consumer confidence figures. These data points are crucial for understanding the current economic landscape and forecasting future market movements.

Market Movements and Currency Fluctuations

At 8:00 am CET, the DAX showed a modest increase of 0.15%, whereas the CAC 40 saw a slight decline of 0.20%. Meanwhile, the FTSE 100 and the Euro Stoxx 50 remained stable. On the currency front, the euro and the pound both experienced minor gains against the dollar, trading at 1.03503 and 1.24892 respectively at 7:58 am CET.