Euro and Sterling flat, European stocks mixed in premarket ahead of CPI prints
Euro and Sterling flat
The euro and the pound sterling both traded flat on Friday, ahead of key inflation data from the United States and the United Kingdom. The US Consumer Price Index (CPI) is due to be released later on Friday, while the UK CPI is due to be released on Wednesday.
European stocks mixed
Major European stock exchanges traded mixed in the premarket on Friday, with all eyes on data coming from the United States and the United Kingdom. The pan-European Stoxx 600 was up 0.1%, while the German DAX was down 0.1% and the French CAC 40 was flat.
CPI prints in focus
Investors are watching closely for the CPI prints from the US and the UK, as they will provide clues about the future path of interest rates in these countries. A higher-than-expected CPI print could lead to expectations of faster interest rate hikes, which would be negative for stocks. Conversely, a lower-than-expected CPI print could lead to expectations of slower interest rate hikes, which would be positive for stocks.
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