European stocks steady ahead of key US consumer inflation data

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European stocks steady ahead of key US consumer inflation data

Investing.com - European stock markets traded in tight ranges Wednesday, with investors focusing on upcoming US inflation data as well as digesting more quarterly corporate earnings.The economic data slate is largely empty in Europe Wednesday, and thus investors are likely to focus on October’s inflation data out of the US, a likely key factor when it comes to the Federal Reserve’s decision to cut or maintain interest rates in the world’s largest economy.

The Amsterdam-listed firm had been looking to offload Chicago-based Grubhub since as early as 2022, after acquiring it in 2020 in a $7.3 billion all-stock deal.) stock slipped 0.3% despite the Dutch lender beating third-quarter profit expectations, driven by sustained improvement of net interest income, and strong performance of fees.

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