European stocks climb at open before US inflation data

MG News | January 12, 2022 at 02:57 PM GMT+05:00

0:00

January 12, 2022: Europe's main stock markets rose at the open Wednesday with all eyes on the latest US inflation reading.

London's benchmark FTSE 100 index climbed 0.5 percent to 7,529.64 points.

In the eurozone, Frankfurt's DAX index gained 0.6 percent to 16,039.80 points and the Paris CAC 40 won 0.6 percent to 7,228.57.

US Federal Reserve chief Jerome Powell on Tuesday said he was determined to rein in runaway inflation, as markets prepare for an official update Wednesday on cost pressures in the world's biggest economy.

Meanwhile data out of China on Wednesday showed the country's inflation had eased, handing policymakers room for measures to kickstart its stuttering economy including interest rate cuts, according to analysts.

AFP/APP

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ALLSHR	111,118.66 1,316.08M	0.80% 877.22
KSE30	57,477.09 258.39M	0.70% 397.05
KMI30	263,795.54 229.75M	1.19% 3094.40
KMIALLSHR	71,351.41 638.92M	0.97% 686.81
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OGTi	36,323.86 37.76M	1.28% 460.39

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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,540.00	94,190.00 91,170.00	-1255.00 -1.35%
BRENT CRUDE	59.93	60.93 59.81	-0.77 -1.27%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-0.45 -0.52%
ROTTERDAM COAL MONTHLY	98.90	99.40 97.85	0.25 0.25%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	55.99	57.17 55.76	-1.14 -2.00%
SUGAR #11 WORLD	14.97	15.04 14.69	0.21 1.42%