European stocks ahead of US inflation data

European stocks are moving positively on Tuesday as investors wait for US inflation data to be released later that day in search of clues.

The Federal Reserve generally sticks to the view of temporary inflation, but investors are with consumers jobs The activity will be revived.

The dollar remained strong while spot gold eased as investors gained more clues about the Fed’s tapering plans.

The Federal Reserve Board’s two-day monetary policy meeting is scheduled for next Tuesday and Wednesday, but recent signs of slowing economic momentum could postpone discussions on tapering. ..

Asian market Just weeks after Hurricane Aida cut local production, oil rose on day three as energy companies prepared for another storm, staying close to six-week highs.

US stocks rose sharply overnight as traders bargain hunted following the declines seen in the last few sessions.

The Dow rose 0.8% and the S & P 500 rose 0.2%, snapping the losing streak in five sessions. Meanwhile, the technology-intensive Nasdaq Composite fell slightly, expanding losses in four consecutive sessions.

European stocks closed at highs for the first time in five days on Monday, in optimistic views on growth.

The Pan-European STOXX 600 rose 0.3%. Both the German DAX and the UK FTSE 100 rose about 0.6%, while the French CAC 40 index rose 0.2%.

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European stocks ahead of US inflation data

Source link European stocks ahead of US inflation data

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