European stock markets dipped on Tuesday, reversing some of Monday\u2019s strong gains ahead of crucial eurozone inflation data. At 03:10 ET (08:10 GMT), Germany\u2019s DAX fell 0.1%, France\u2019s CAC 40 slipped 0.3%, and the U.K.\u2019s FTSE 100 dropped 0.7%. Monday had seen impressive gains across European bourses, with the CAC 40 up 2.2% and the DAX climbing 1.5%, driven by robust performance in the auto sector following reports suggesting U.S. President-elect Donald Trump\u2019s tariff plans might be less severe than anticipated. However, optimism waned after Trump dismissed these reports in a social media post.<\/p>\n\n\n\n
Attention has now shifted to the eurozone\u2019s latest inflation data, the final reading before the European Central Bank’s January 30 meeting. Investors are anticipating a potential 100-basis-point interest rate cut in the first half of 2025, with any signs of further easing in inflation likely supporting such a move. However, preliminary data from Spain and Germany indicated higher-than-expected inflation increases, suggesting that the eurozone\u2019s numbers could surprise to the upside. December\u2019s eurozone consumer inflation is forecasted to have risen 2.4% annually, up from 2.2% in November.<\/p>\n\n\n\n
In corporate developments, U.K. clothing retailer Next PLC saw its stock rise 3.5% after it raised its full-year profit forecast, expecting to achieve a \u00a31 billion profit for the first time, driven by unexpectedly strong international sales during the festive season. Meanwhile, French food caterer Sodexo\u2019s stock dropped over 6% after reporting a nearly 5% rise in first-quarter organic revenue, falling short of market expectations. Strong growth in regions like India, Brazil, and Australia was offset by declining activity in Continental Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stock markets dipped on Tuesday, reversing some of Monday\u2019s strong gains ahead of crucial eurozone inflation data. At 03:10 ET (08:10 GMT), Germany\u2019s DAX fell 0.1%, France\u2019s CAC 40 slipped 0.3%, and the U.K.\u2019s FTSE 100 dropped 0.7%. Monday had seen impressive gains across European bourses, with the CAC 40 up 2.2% and the …<\/p>\n","protected":false},"author":9,"featured_media":105788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-110269","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=110269"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110269\/revisions"}],"predecessor-version":[{"id":110271,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110269\/revisions\/110271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105788"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=110269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=110269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=110269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}