Europe seen mixed ahead of US inflation data

Tuesday, 13. March 2018 08:20

European stock markets are poised for a mixed start as investors wait for the United Stated inflation data set for release later today. Meanwhile, the United Kingdom's Office for Budget Responsibility will publish the economic forecast for next year, providing details on the GDP growth, spending and borrowing as well as fiscal stimulus. On the earnings front, RWE posted its quarterly results before the bell, while Volkswagen is also expected to reveal its figures later in the day.

The FTSE 100 is set to start the session 0.18% lower, while the DAX is expected to begin the trading day little changed, rising just 0.04%. Meanwhile, the main French index CAC 40 is seen 0.13% in the green at the opening bell.

The euro lost 0.05% against the dollar to go for 1.2328 at 8:18 am CET, while the pound was 0.12% lower versus the greenback to sell for 1.3889 at the same time.

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Breaking the News / FH