Europe points to higher open with US inflation in focus27 Jun 2024 07:22
Major European markets traded higher on Thursday's premarket session as investors anticipated the release of the US personal consumption expenditures price index, the Federal Reserve's preferred inflation indicator, on Friday. In addition, market participants will receive updates on consumer confidence in the Eurozone.
The European Council meeting, scheduled later in the day in Brussels, and the release of the United Kingdom's financial stability report were also in the limelight.
At 8:35 am CET, London's FTSE 100 added 0.06%. The Euro Stoxx 50 rose 0.10%. Frankfurt's DAX traded 0.06% higher and the CAC 40 improved by 0.24%.
The euro gained 0.13% against the dollar at 8:36 am CET, selling for $1.06935. A minute later, the pound added 0.12% compared to the greenback, going for $1.26373.
Baha Breaking News (BBN) / RR