November 17, 2021
Markets

European markets head for higher open following gains on Wall Street

LONDON — European stocks are expected to open in positive territory on Thursday, following gains on Wall Street after the latest U.S. inflation reading.

London’s FTSE is seen opening 17 points higher at 7,202, Germany’s DAX up 29 points at 15,847, France’s CAC 40 up 4 points at 6,861 and Italy’s FTSE MIB 60 points higher at 26,493, according to IG.

The uptick in sentiment in Europe comes after the Dow Jones Industrial Average and the S&P 500 rose on Wednesday, after U.S. data showed that inflation jumped, but not by quite as much as investors feared when stripping out volatile food and energy prices.

July’s Consumer Price Index (CPI) released Wednesday showed prices rose 5.4% since last year, compared to expectations of 5.3%, according to economists surveyed by Dow Jones. The government said CPI increased 0.5% in July month over month

But investors were concentrating on the core…

Read full article here: www.cnbc.com