EU stock exchanges are starting slowly
European stock markets open slightly higher, awaiting the release of US inflation data for April in the afternoon, which will provide clues to the Fed’s next moves. A few minutes after the start of trading, the London FTSE 100 index rose 0.10% to 7771.74 points, the Paris CAC index rose 0.12% to 7406.41 points, while the Frankfurt Dax rose equally. Finally, Madrid rose by 0.19% and Milan by 0.18%. Yesterday, the head of the Federal Reserve Bank of New York, John Williams, said that the US central bank does not rule out raising the interest rate again at its next meeting on June 13-14. The Fed raised key interest rates by a quarter of a point a week ago, hinting that it may pause after ten consecutive hikes. Analysts believe that the US CPI is likely to have accelerated in April, rising to +0.4% from +0.1% in March, mainly due to a rebound in energy prices. Excluding food prices and the latter, the so-called core inflation should remain at +0.3% compared to +0.4% in the previous month, according to forecasts. Meanwhile, in Europe, inflation in Germany in April was 7.2% annually, down from 7.4% in the previous month. Market attention is also focused on US finances, as talks between President Joe Biden and opposition leaders on raising the country’s debt ceiling failed on Tuesday.
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