European stocks set to open higher as markets assess inflation, trade news [CNBC]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
NASDAQ:AMEX Investor Relations:
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Source: CNBC
The U.K.'s FTSE index is set to open 0.2% higher, with Germany's DAX up 0.46%, France's CAC 40 0.3% higher and Italy's FTSE MIB up 0.33%, according to IG data. European markets will be focused on overnight reports that U.S. President Donald Trump asked the EU to hit China and India with tariffs of up to 100% over the countries' Russia oil purchases. The move seeks to turn up the heat on Moscow to end the war in Ukraine, but risks further destabilizing global trade relations. Inflation data is also in focus for global markets with key prints out of China overnight, and set to come from the U.S. later Wednesday and tomorrow. S&P 500 futures rose slightly overnight, as traders turned their attention to the release of the latest producer price index. The report comes ahead of Thursday's more closely watched consumer price index reading. Economists expect the report to show monthly increases of 0.3% across the board, according to Dow Jones. If this materializes, it would push the
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