European stock markets are moving slightly higher on Thursday as investors evaluate the latest data on inflation in Europe and the US, which showed that the price rally shows no sign of slowing down.
The data released yesterday in the US showed an annual inflation jump to a high of 31 years at 6.2%, exceeding the estimates of analysts who expected it to reach 5.9%. At the same time, in Germany, inflation climbed to 4.5% in October, according to the country’s statistical office.
The price rally raises concerns about the possibility of central banks in the US and Europe being forced to tighten their monetary policy earlier, causing market turmoil. Analysts no longer rule out a rise in US interest rates in the summer of 2022.
On the board, the pan-European Stoxx 600 recorded small losses of 0.02% at 483.69 points.
The German DAX recorded marginal changes at 16,069.54 points, the French CAC – 40 strengthened 0.2% to 7,056.18 points, while the British FTSE 100 rose 0.3% to 7,361.47 points.
In the region, the Italian FTSE MIB is moving with small gains of 0.1%, while the Spanish IBEX-35 is up 0.2%.