European Markets React to Upcoming Inflation Data
As the new week begins, major European stock indexes have shown a downward trend in the premarket session. Investors are keenly awaiting the release of crucial inflation data, starting with the US December producer price index on Tuesday, followed by the consumer price index on Wednesday. Additionally, inflation reports from major European economies including France, Spain, Germany, the United Kingdom, and Italy are expected throughout the week, culminating with the European Union's data on Friday. This comes as markets gear up for the start of a new earnings season.
Market Movements
At 8:00 am CET, the FTSE 100 was down by 0.09%, while the Euro Stoxx 50 fell by 0.27%. The DAX and CAC 40 also saw decreases, dropping by 0.19% and 0.16% respectively.
Currency Fluctuations
In the currency markets, the euro was trading 0.26% lower against the dollar at 7:58 am CET, with a rate of 1.02183. Similarly, the pound experienced a 0.54% drop against the dollar, trading at 1.21432.
Comments