European market digests latest Eurozone, UK inflation data

London — Thursday, European equities were mixed amid market concerns about the regional inflation outlook.

Pan-Europe Stoxx 600 Early in the trade, it revolved around the flat line, with oil and gas down 1.4% and travel and leisure inventories up 0.7%.

Flat trade in the European market arises in investor concerns about the region’s inflation outlook. Inflation in the euro area in October was 4.1% year-on-year, more than doubling, according to data released Wednesday. European Central BankTarget.

inside that Twice-yearly stability report published on WednesdayThe ECB warned that real estate and financial market valuations are growing as the region continues to recover from Covid’s pandemic against the backdrop of ultra-low interest rates and massive stimuli.

in the meantime, UK Consumer Price Index (CPI) It reached 4.2% in the 12 months until October. This was the highest in almost 10 years due to soaring energy and car costs.Data is expected to exert pressure Bank of England Act on interest rates at the December meeting.

U.S. stock futures Overnight trading was flat after the main average fell on Wednesday. Mixed traded Asia Pacific market Stocks in Japan, Hong Kong and mainland China struggled to rise following an overnight loss on Wall Street on Thursday.

The global market will be on the lookout for the latest economic data from the United States on Thursday as the Ministry of Labor reports last week’s unemployed billing data to ET at 8:30 am on Thursday. Economists surveyed by Dow Jones predict that the initial filing of unemployment insurance will drop from 267,000 claims last week to 260,000 in the week ending November 13.

Before the bell rang, corporate profits came from ThyssenKrupp, Royal Mail and the National Grid.

Royal mail Shares surged more than 6%, leading the STOXX 600, with full-year earnings outlook following strong first-half results after UK postal giant announced that it would return £ 400 million ($ 539.8 million) to shareholders I pulled it up.