News Formal

European stocks set for positive open; U.S., UK inflation data in focus this week

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 72%

World Economy News

World Markets,FTSE MIB,CAC 40 Index

European stocks are expected to open higher Tuesday, regaining some positive momentum after last week's volatility.

European stocks closed higher last Friday as investors digested economic data from the region including a preliminary U.K. second-quarter GDP reading, July inflation prints out of France, Spain and Italy, and euro zone industrial production for June.European stocks closed mixed on Monday as forthcoming U.S. and U.K. inflation data dominated investor attention.by 25 basis points. After two months at 2%, economists polled by Reuters expect the headline rate to tick higher, to 2.3%.

Investors around the world will be analyzing the latest U.S. inflation data too this week, in order to get a better picture of the state of health of the world's largest economy. The U.S. producer price index, a measure of wholesale prices, is published on Tuesday and the consumer price index for July will be released Wednesday, with investors assessing whether the data could prompt the U.S. Federal Reserve to begin cutting rates in September.In Europe Tuesday, earnings are due from Bilfinger, Henkel and Pandora. Data releases include UK unemployment and the EU economic sentiment index.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks mixed after Monday's market routEuropean stocks were mixed on Tuesday, with global markets struggling to shake off Monday's volatility.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks nudge lower after Monday's market routEuropean stocks nudged lower on Tuesday, with global markets struggling to shake off Monday's volatility.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks nudge higher after Monday's market routEuropean stocks were higher Tuesday, with global markets looking to shake off Monday’s volatility.
Source: NBCNewYork - 🏆 270. / 63 Read more »

European stocks open higher, shaking off global market panicEuropean stocks opened higher Tuesday, with global markets looking to rally after widespread volatility on Monday.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »