Markets anticipate U.S. inflation data while European stocks open with mixed prospects.
On Wednesday, European stocks are predicted to open in a mixed state, with global markets concentrating on the upcoming release of the latest U.S. inflation data.
According to IG's data, the U.K.'s index has opened 4 points higher at 8,208, Germany's index has increased by 25 points to 18,304, France's index remains flat at 7,404, and Italy's index has risen by 66 points to 33,259.
This week, traders are closely monitoring two significant economic reports from the U.S., including the consumer price index report on August 25th and the producer price index on August 26th.
The Federal Reserve's Sept. 17-18 meeting may include a widely anticipated interest rate cut, which could help alleviate concerns about a weakening U.S. economy.
Despite a rise in key Wall Street benchmarks, Asia-Pacific markets traded lower overnight before the U.S. consumer inflation report.
As investors waited for the inflation report and evaluated the presidential debate between Donald Trump and Kamala Harris, U.S. stock futures declined Tuesday evening.
On Wednesday in Europe, both Inditex's earnings and the monthly U.K. GDP data will be released.
Markets
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