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UK, U.S. inflation prints in focus as European markets head for higher open
European stocks are expected to open higher Wednesday as investors in the region await key inflation prints from the U.S. and U.K. The U.K.’s FTSE index is expected to open 29 points higher at 8,262, Germany’s DAX up 32 points at 17,837, France’s CAC 40 up 12 points at 7,286 and Italy’s FTSE MIB 68 points higher at 32,168, according to data from IG. U.K. inflation data out on Wednesday will be the first print since the Bank of England cut interest rates by 25 basis points last month. After two months at 2%, economists polled by Reuters expect the headline inflation rate to tick higher, to 2.3%. Money markets ... (full story)
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- Posted: Aug 14, 2024 1:38am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,022
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