European Stocks Edge Higher Ahead of US Inflation, ECB Meeting

-- European stocks ticked higher as investors awaited sensitive US inflation data due later on Wednesday for clues about the Federal Reserve’s near-term monetary policy moves.The Stoxx Europe 600 Index rose 0.2% at 10:53 a.m. in Paris, supported by retailers after Zara-owner Inditex SA reported that sales were rising at the start of the third quarter. Banking stocks were also stronger after Italy’s UniCredit SpA bought shares in Commerzbank AG from the German government.

Europe’s benchmark index has stumbled this month after an August rebound as concerns about global growth weighed on stocks linked to the economic cycle and commodities such as oil. The European Central Bank is expected to cut rates at its meeting on Thursday for a second time this cycle as the region’s economy struggles to maintain growth momentum.

Democratic party candidate Kamala Harris and Republican nominee Donald Trump sparred through their first election debate on Tuesday, with the former president often on the defensive over abortion rights, the January 6 insurrection and on foreign policy.Investors expect a Trump administration to be more prone to fueling inflation through tax cuts and tariffs on imported goods, while a Harris presidency would be more favorable to US traditional partners, such as the European Union, Baradez said.

Trump-Harris debate highlights: Trump falls into Harris’s traps as he lies about abortion and ‘eating pets’

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Stock market today: Stocks edge higher as key inflation report matches expectationsWall Street awaited a key signal on consumer prices that is set to help shape the near-term future of interest-rate policy
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks edge higher ahead of key signals on inflation, economyWall Street is coming off a whipsaw week that has left markets jumpy and 'on edge.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Premarket: Global stocks edge higher on heels of best week in nine monthsInterest rate cut hopes persist
Source: globebusiness - 🏆 31. / 66 Read more »

Stocks edge higher on August jobs print, cooling unemploymentUS stocks (^DJI, ^GSPC, ^IXIC) are cheery at Friday's market open following the August labor print released this morning. Morning Brief hosts Brad Smith and ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Markets today: Stocks edge higher in run-up to U.S. inflation dataStocks edged higher as traders awaited inflation data that will help shape the outlook for the U.S. Federal Reserve’s next steps.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian Stocks Edge Higher as CPI Calms Wall Street: Markets Wrap(Bloomberg) -- Asian equities rose early Thursday after in-line US inflation data calmed market jitters on Wall Street as traders prepared for Federal...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »