Investing.com - European stock markets retreated marginally Friday, ahead of the release of key inflation data amid uncertainty over future interest rate moves.The main European indices closed lower Thursday, breaking a nine-day winning streak, after a series of Federal Reserve officials said interest rates may need to stay higher for longer, puncturing some of the exuberance that following the milder than expected U.S. CPI release.This is expected to show that consumer prices rose by 2.
Traders have priced in 70 basis points of ECB cuts this year - a lot more than the just under 50 bps of easing priced in for the Fed.) stock fell following a Bloomberg report that its top shareholder Ping An Insurance might be looking to cut its stake in the British bank. Oil markets have been boosted by the softer-than-expected inflation release, which has increased the prospect of lower rates, potentially lifting future global economic activity and thus oil demand.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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