European Markets Dip on Open as Traders Await U.S. Inflation Data; Zara Owner Inditex Down 6%
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.
Source : CNBC
