European Stocks Rise Ahead of US Inflation Data

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European Stocks,US Inflation Data,Global Markets

European stocks were higher Wednesday, as global markets look ahead to the release of U.S. inflation data for March. Economists expect U.S. inflation to have increased 0.3% in March on a month-over-month basis and 3.4% from 12 months earlier. The data will influence the U.S. Federal Reserve's rate policy.

European stocks were higher Wednesday, as global markets look ahead to the release of U.S. inflation data for March.Economists surveyed by Dow Jones expect U.S. inflation to have increased 0.3% in March on a month-over-month basis and 3.4% from 12 months earlier, according to economists surveyed by Dow Jones., scheduled for release at 8:30 a.m. ET, will be closely watched globally as it will influence the U.S. Federal Reserve's rate policy.

It forecast adjusted operating profit of at least £2.8 billion in its retail division for the coming financial year, up from £2.76 billion. He added that the he did not expect a reduction in rates from their 16-year highs until December, given strong wage increases, a robust economy and the"lack of a substantial recovery" in the Norwegian Krone.The agency said in its report that the country faces more uncertain economic prospects and a transition away from property reliant growth.

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