Major European stock markets fell on Wednesday, with investors remaining cautious as they await inflation data across the Atlantic today.
Analysts fear the consumer price index will move above May’s beastly 8.6%, a reading that could prompt the Federal Reserve to raise interest rates by another 75 basis points at this month’s monetary policy meeting.
Thus, the pan-European index Stoxx 600 down 0.45% to 415 points.
In the individual boards, the German DAX loses 0.89% to 12,790 units, the French CAC 40 and the British one shows losses of 0.6% just over 6,000 points FTSE 100 slipping 0.5% to 7,170 units.
In the periphery, the Italian FTSE MIB the Spanish one is moving down to -0.6% just above 21,350 units IBEX 35 loses 0.6% to 7,970 points.
Most stock markets in the Asia-Pacific region posted moderate gainswith investor interest focused on trade data released by China and decisions to raise interest rates by 50 basis points by the central banks of Korea and New Zealand.
Source: Capital
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