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European markets edge lower as traders await U.S. inflation data
Wednesday, 11 December 2024 15:37 WIB | MARKET UPDATE |Eropa

European markets were slightly lower on Wednesday at the session's open, as traders awaited the latest U.S. inflation data.

The pan-European Stoxx 600 index traded down 0.2% shortly after the opening bell, with most sectors in negative territory.

Zara owner Inditex posted interim nine-month results, flagging that its revenues between Nov. 1 and to Dec. 9 jumped 9% from the same period of last year on a constant currency basis.

The U.S consumer price index data will likely influence how the Federal Reserve proceeds on interest rates at its Dec. 17-18 meeting. Economists polled by Dow Jones forecast that headline inflation rose 0.3% in November and 2.7% over the prior 12 months.

Asia-Pacific markets were mixed Wednesday, after major Wall Street benchmarks declined Tuesday ahead of the data, while U.S. stock futures were near flat overnight.

Source: CNBC

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