European shares sink ahead of EZ inflation data

European shares sink ahead of EZ inflation data

On Friday, European shares headed south, as traders were eyeing the publication of euro zone inflation data, after a downbeat reading in Germany on Thursday.

The EURO STOXX 50 decreased 0.26%, France’s CAC 40 lost 0.22%, Germany’s DAX 30 dived 0.02%.

European equities sagged after data on Thursday, which revealed that German annual inflation decreased to 1.6% this month from February’s outcome of 2.2%, which turned to be the highest rate since August 2012.

The report arose after ECB chief economist Peter Praet told that the bank is still not sure that the recent pickup in inflation will be durable enough and repeated that underlying inflation pressures is still subdued.

Financial markets were also anxious after on Wednesday, British Prime Minister Theresa May formally started Brexit proceedings, thus launching a two-year negotiation process before the move comes into effect in March 2019.

In London, FTSE 100 went down 0.29%, suppressed by Old Mutual PLC, whose stocks dipped 6.59%. 

 

Similar

Asian equities bounce back

On Tuesday, Asian equities managed to find their footing following some initial softness because Hong Kong’s benchmark is braced for setting a record closing maximum…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera