European stocks cautiously higher ahead of euro zone and U.S. inflation data
Publishing timestamp: 2023-03-31 03:34:29
Summary
European stock markets were choppy ahead of the U.S. inflation print, with the Stoxx 600 index flat at the open. Retail stocks extended Thursday's rally, while banks fell, with Swedbank one of the worst-performing European stocks. U.S. personal consumption expenditures price index is closely watched by the Federal Reserve, and investors are seeking direction on the path of interest rates after recent market turmoil. Data releases in the morning showed a drop in German retail sales, while the U.K. economy recorded 0.1% growth in the fourth quarter of 2022, revised up from the first estimate showing no growth. Friday will also see the flash estimate of euro zone and French inflation.
Sentiment: NEUTRAL
Tickers: GS, UBSG-CH, .FTSE, 7731.T-JP, 8035.T-JP, CSG.N-CH, .STOXX, HNNMY, .GDAXI, SWED.A-SE, .FCHI,
Keywords: h & m hennes & mauritz ab, stoxx 600, ubs group ag, business news, economic events, breaking news: europe, ftse 100, prices, australia, cac 40 index, swedbank ab, united states, dax, credit suisse group ag,
Source: https://www.cnbc.com/2023/03/31/european-markets-open-to-close-earnings-data-and-news.html