European stocks traded lower on Thursday as investors struggled to assess the central banks’ next move to deal with the unprecedented rally in inflation amid a global recovery from the pandemic.
Data released yesterday in the US showed that the consumer price index rose by 7% in December. This was the fastest growth rate since 1982. The figures followed Federal Reserve Chairman Jerome Powell’s congressional hearing Tuesday in which he said he would not allow high inflation to materialize, in a new sign that the Fed was preparing to open a tightening cycle. of its policy starting in March interest rate hikes.
On the dashboard, the pan-European Stoxx 600 recorded small losses of 0.2% at 485.52 points.
The German DAX loses 0.2% to 15,977.91 points, the French CAC-40 falls 0.3% to 7,217.91 points, while the British FTSE 100 moves with small losses of 0.1% to 7,541.61 points .
In the region, the Italian FTSE MIB and the Spanish IBEX 35 record small gains of 0.2%.
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