LONDON – European stocks were silenced on Wednesday as investors prepare for the latest report on inflation in the United States on Friday.
The pan-European Stoxx 600 was moving around the plane at the start of trading, with retail stocks adding 1.8% while fixed assets falling 0.7%.
Shares of Credit Suisse fell more than 5% after the lender warned it was likely to report a loss for the entire group in the second quarter.
Kindred Group jumped more than 11% to the top of the European blue chip index after securing a gambling license in the Netherlands.
International markets withdrew this week amid nervousness from upcoming US data released this week, including the latest inflation report on Friday.
The US consumer price index is expected to be slightly cooler than in April, and some economists expect that this may confirm that inflation has peaked.
The University of Michigan’s consumer sentiment index, which is also expected on Friday, will also be closely monitored by investors.
Selection of stocks and investment trends by CNBC Pro:
Shares in the Asia-Pacific region rose in trading on Wednesday morning, as investors await the latest decision of the Reserve Bank of India on interest rates, which is expected later today. US stock futures, meanwhile, fell slightly in overnight trading after two consecutive days of Wall Street profit.
The profits come from the Inditex retailer in Europe.
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