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FTSE 100 Live: Stocks called higher ahead of EU and US inflation data


FTSE 100 Live: Stocks called higher ahead of EU and US inflation data By Proactive Investors

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Published Nov 30, 2023 07:00
Updated Nov 30, 2023 07:10

© Reuters. FTSE 100 Live: Stocks called higher ahead of EU and US inflation data

Proactive Investors – The FTSE 100 is expected to open higher on Thursday ahead of inflation data in Europe and the US.

Spread betting companies are calling London’s lead index up around 11 points after closing down 31.78 points, 0.4%, at 7,423.46 on Wednesday.

European inflation figures are up first, and come in the wake of falls in Spanish and German inflation on Wednesday.

“Today we get the latest flash November CPI numbers for France, Italy, and the euro area which if they follow the trend from Spain and Germany yesterday, will put the threat of any prospect of further rate hikes from the ECB even less credible than they are already,” CMC Markets analyst Michael Hewson said.

“Last but by no means least EU flash CPI is forecast to slow to 2.7% from 2.9%, however given the size of the downside surprises seen in the Germany and Spain numbers we could well see an even weaker reading of 2.5%. Core CPI is expected to slow to 3.9% from 4.2%.”

This will be followed by US core personal consumption expenditures index data – the Fed’s preferred inflationary gauge.

Back in London, and the early focus will be updates from Dr Martens (LON:DOCS) and Mitchells & Butlers.

Read more on Proactive Investors UK


FTSE 100 Live: Stocks called higher ahead of EU and US inflation data

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