Europe stock futures fall amid data, inflation worries14 Sep 2022 08:11
European stock futures traded lower earlier on Wednesday after yesterday's publication of key inflation data in the United States and amid the publication of a new set of economic data from the UK.
Yesterday, the Labor Statistics Bureau stated that annual inflation in the United States came in at 8.3% in August. Besides, today, the UK Office for National Statistics announced that the Consumer Price Index (CPI) stood at 9.9%, and producer prices rose by 16.1% in August.
The DAX lost 137 points, or 1.04%, at 8:06 am CET, while the CAC 40 fell 0.95%, and the FTSE 100 declined 0.88%.
The euro improved by 0.14% against the dollar selling for $0.99810, and the pound was flat, selling for $1.14943 at the same time.
Baha Breaking News (BBN) / JG
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