Business

European markets open closed, Fed, inflation data


LONDON – European stocks are expected to open lower on Tuesday as investors brace for the latest US inflation results on Wednesday.

UK FTSE The index is seen opening 29 points lower at 7,167, in Germany DAX 86 points lower at 12,746 and in France CAC 40 down 32 points at 5,964, according to data from IG.

The lower open for European stocks follows a dismal session at the start of the week, with markets closing lower on Monday as investors brace for more important inflation data from America this week.

The June consumer price index is expected to show strong inflation, including food and energy, rising above May’s 8.6%.

Select stocks and investment trends from CNBC Pro:

Market participants reflected on a stronger-than-expected jobs report in the US Last Friday showed that the economic downturn investors worry about is yet to come.

The jobs report, while good for the economy, could prompt the Federal Reserve to keep raising interest rates aggressively in the coming months to combat persistently high inflation. It will be test with a bunch of US earnings from major banks and the latest consumer inflation figures due out this week.

There are no major European earnings announcements on Tuesday. Released data includes the ZEW economic sentiment index for July from Germany.



Source link

news7g

News7g: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button