German stocks led gains in Europe on Wednesday after data indicated a decline in inflation in the country’s most populous state, reinforcing expectations that the European Central Bank will cut interest rates next year.<\/p>\n\n\n\n
The German DAX index rose 1 percent to touch a four-month high after data showed that consumer prices in the state of North Rhine-Westphalia fell 0.3 percent on a monthly basis in November and rose 3 percent on an annual basis.<\/p>\n\n\n\n
Preliminary inflation data for Germany will be published later today, and comprehensive inflation data for the euro zone will be published on Thursday.<\/p>\n\n\n\n
European bond yields fell, with German 10-year bond yields falling to the lowest level in more than three months at 2.4 percent.<\/p>\n\n\n\n
The European STOXX 600 index rose 0.5 percent, with shares in the interest rate-sensitive real estate sector rising by more than two percent.<\/p>\n\n\n\n
Traders expect interest rates to be cut by more than 105 basis points in 2024 from an expectation of about 95 basis points the previous day.<\/p>\n\n\n\n
Although most regional markets achieved gains, the British Financial Times 100 index fell 0.1 percent, with the pound sterling rising to its highest level in three months.<\/p>\n","protected":false},"excerpt":{"rendered":"
German stocks led gains in Europe on Wednesday after data indicated a decline in inflation in the country’s most populous state, reinforcing expectations that the European Central Bank will cut interest rates next year. The German DAX index rose 1 percent to touch a four-month high after data showed that consumer prices in the state …<\/p>\n","protected":false},"author":9,"featured_media":62193,"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-93309","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\/93309","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=93309"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93309\/revisions"}],"predecessor-version":[{"id":93310,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93309\/revisions\/93310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62193"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=93309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=93309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=93309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}