European stocks operate cautiously higher on Tuesday morning (13), extending recent gains, waiting for new US inflation data that could be decisive for the next interest rate decision from the Federal Reserve, or Fed, as it is known. the American central bank.
At around 6:30 am (GMT), the pan-European stock index Stoxx 600 was up marginally by 0.03% to 427.87 points.
Investors in Europe and elsewhere are looking forward to new US consumer inflation (CPI) figures, which are crucial for the Fed to gauge the pace at which it raises rates.
According to the CME Group’s measurement tool, the chances that the US Central Bank will increase its basic interest rates by 75 basis points for the third consecutive time – at a meeting on the 21st – are 86%.
Survey of Broadcast projections suggests that the annual rate of the US CPI will decelerate further in August, while the core index is expected to gain slight strength. The last month’s data will be known at 9:30 am (BrasÃlia time).
In Germany, Destatis earlier confirmed that the country’s annual CPI accelerated again, from 7.5% in July to 7.9% in August.
The German index of economic expectations measured by the ZEW institute fell more than expected in September, to -61.9 points, at a time when the largest European economy faces a serious energy crisis due to the suspension of natural gas supplies by Russia. .
At 6:45 am (GMT), the London Stock Exchange was up 0.15%, the Frankfurt Stock Exchange was up 0.27% and the Paris Stock Exchange was up 0.33%. Milan and Madrid had gains of 0.37% and 0.31%, respectively. On the other hand, Lisbon fell 0.23%.
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.
