European stock markets operate without a single direction on Wednesday morning (14), with some of them rehearsing Tuesday’s recovery, when the latest US consumer inflation (CPI) data exceeded expectations and reinforced fears about monetary tightening. in the world’s largest economy.
At around 7:05 am (GMT), the pan-European stock index Stoxx 600 was down 0.32%, to 419.79 points.
On Tuesday, New York stocks tumbled up to more than 5%, the biggest one-day drop since June 2020, after the U.S. CPI came in above expectations, raising fears that the Federal Reserve (Fed, the U.S. central bank ) raise interest rates even more aggressively.
The Fed’s next interest rate decision will be on the 21st.
In the United Kingdom, the annual CPI rate decelerated slightly in August, to 9.9%, but remains well above the Bank of England’s (BoE) inflation target of 2%, which will also set its interest rates next week, on the 22nd.
In the euro zone, industrial production fell by 2.3% monthly in July, much more than expected, as the bloc grapples with a severe energy crisis and weakening demand.
In the next few hours, investors will follow comments from European Central Bank (ECB) Chief Economist Philip Lane and US producer inflation (PPI) figures.
Last week, the ECB raised its interest rates by 75 basis points, in a new attempt to contain record inflation in the euro zone.
At 7:21 am (GMT), the London Stock Exchange was down 0.73% and the Frankfurt Stock Exchange was down 0.32%, while those in Paris and Lisbon had slight losses of 0.08% and 0.09%, respectively.
Milan increased 0.81% and Madrid advanced 0.66%, seeking to recover after starting today’s low business.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
