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European stock markets rose on Wednesday, supported by cooling UK inflation data, while investors awaited key US inflation figures. At 03:05 ET (08:05 GMT), Germany\u2019s DAX index climbed 0.3%, France\u2019s CAC 40 gained 0.3%, and the UK\u2019s FTSE 100 surged 0.7%.<\/p>\n\n\n\n
Investors focused on upcoming US consumer price index (CPI) data, expected to show a 2.9% annual increase for December and a 0.4% monthly rise. Core inflation is projected to climb 0.3% monthly and 3.3% annually. This report could influence the Federal Reserve\u2019s future rate decisions, as markets anticipate a rate cut no earlier than June following strong US job market data. Despite progress, inflation remains above the Fed’s 2% target.<\/p>\n\n\n\n
US producer prices released earlier showed signs of easing inflation, with core measures flat in December. Similarly, UK consumer prices slowed unexpectedly to 2.5% annually in December, down from 2.6% in November, with core inflation declining more sharply. This has raised expectations that the Bank of England could cut interest rates during its February 6 meeting, especially amid fiscal challenges under Chancellor Rachel Reeves.<\/p>\n\n\n\n
In corporate news, attention shifts to US fourth-quarter earnings reports, with Citigroup, Goldman Sachs, and JPMorgan Chase expected to deliver strong results fueled by robust dealmaking and trading. In Europe, Experian shares edged higher following a solid third-quarter performance, while British recruiter Hays rose 1.6% despite lowering its first-half profit forecast due to European market weakness.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stock markets rose on Wednesday, supported by cooling UK inflation data, while investors awaited key US inflation figures. At 03:05 ET (08:05 GMT), Germany\u2019s DAX index climbed 0.3%, France\u2019s CAC 40 gained 0.3%, and the UK\u2019s FTSE 100 surged 0.7%. Investors focused on upcoming US consumer price index (CPI) data, expected to show a …<\/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-110576","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\/110576","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=110576"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110576\/revisions"}],"predecessor-version":[{"id":110578,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110576\/revisions\/110578"}],"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=110576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=110576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=110576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}