Hesitation in the European markets just before the data on inflation

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European stock markets are moving with mixed signs on Wednesday after the records of the previous days and while investors are waiting for the latest data on inflation which are expected to show a new jump in prices.

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The figures come in the wake of reassuring statements by the president of the European Central Bank to the European Parliament on Monday about price developments next year. Christine Lagarde reiterated that the central bank expects inflation to slow next year, adding that it does not expect an increase in European interest rates in 2022.

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In anticipation of inflation data, the pan-European STOXX 600 index recorded marginal gains of 0.02% at 489.46 points after yesterday’s all-time high.

The German DAX gains 0.07% to 16,261.45 points, while the French CAC 40 loses 0.05% to 7,149.09 points. Both indicators set new records yesterday.

The British FTSE 100 is down 0.2% at 7,315.30 points after the data showed a new jump in inflation in October to the highest level since December 2011.

In particular, the consumer price index rose 4.2% year-on-year in October, following a 3.1% rise in September, according to the ONS statistical service. Economists expected a rise of 4%.

In the periphery, the Italian FTSE MIB gained 0.1%, while the Spanish IBEX 35 fell 0.3%.

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