European indices open slightly lower with hot UK inflation likely weighing
Read full post at forexlive.com
- Eurostoxx -0.2%
- Germany DAX -0.3%
- France CAC 40 -0.3%
- UK FTSE -0.1%
- Spain IBEX +0.0%
We’ve seen some downside in stock indices triggered by the hot UK inflation data. European indices have been on an incredible rally since Trump’s tariffs pause on April 9 but inflation concerns could trigger a correction as the market would price out the rate cuts expected for the ECB. The next Eurozone CPI report will likely be key.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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