European stock markets are moving negatively on Friday after the data showed inflation spurts in Germany and while investors are preparing for a similar measure in the US, with consumer prices climbing to decades high.
In Germany, consumer prices climbed to a higher level in November than in June 1992, the German statistical office Destatis announced today. In particular, consumer prices increased by 5.2% on an annual basis based on national standards and 6% in line with EU harmonized. standards.
The US Department of Labor will release consumer price data today in November, with some analysts warning of the biggest annual change since 1982. The index jumped 6.2% in October.
On the board, the pan-European Stoxx 600 index fell 0.4% to 475.09 points.
The German DAX loses 0.4% to 15,579.02 points, the French CAC 40 falls 0.45% to 6,976.85 points, while the French FTSE 100 moves with lower losses of 0.3% to 7,302.90 points after The data showed that GDP ran at a rate of just 0.1% in October, refuting analysts’ estimates for an increase of 0.4%.
In the periphery, the Italian FTSE MIB lost 0.25%, while the Spanish IBEX 35 fell 0.2%.
.
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
