European stocks saw an upbeat open Wednesday as global markets look ahead to the release of U.S. inflation data for March.
The latest U.S. inflation print due out on Wednesday may have limited impact on markets even if it comes in high, strategists said. The consumer price index report will be released at 8:30 a.m. ET. Market sentiment will remain calm 'for as long as inflation is just sticky, as it has been lately. Growth has been strong, inflation has been sticky. The Fed is pretty relaxed about sticky,' Viktor Hjort, global head of credit strategy at BNP Paribas, told CNBC's 'Squawk Box Europe.
Julien Lafargue, chief market strategist at Barclays Private Bank, said in a Wednesday note that markets are poised for inflation to exceed expectations , as bets on a June cut have decreased. 'Importantly, speakers for the Fed have often highlighted that two lower inflation prints are required for them to become confident that interest rate cuts are justified.
STOXX 600 United States Prices Barry Callebaut AG Mercedes Benz Group AG Renault SA Bayerische Motoren Werke AG Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European markets open higher ahead of U.S. inflation data; chocolate-maker Barry Callebaut up 8%European stocks saw an upbeat open Wednesday as global markets look ahead to the release of U.S. inflation data for March.
Read more »
Cooler air returns Wednesday and another hard freeze Wednesday night | Live Doppler 13 Weather BlogIt is the first full day of spring and, oddly enough, it feels like winter in Indiana.
Read more »
First Alert Weather Day declared for Wednesday and Wednesday nightVery heavy rain, strong to severe storms and gusty winds are expected to impact the area.
Read more »
Beyond Capital: The European Investment Fund's Blueprint For A Thriving European Venture EcosystemSerial technology entrepreneur with 10+ years of experience building scalable tech ventures; leading product and development teams, selling to and co-developing products with Fortune 100 customers, raising capital from global professional investors.
Read more »
The European Fashion Alliance Hosts the Status of European Fashion in BrusselsPart of the European Fashion Alliance's goal is to involve young talents and voices in the fashion conversation.
Read more »
AUD/JPY stretches lower to near 98.70 influenced by prevailing risk-off sentimentAUD/JPY edges lower to near 98.70 during the European session on Wednesday.
Read more »