European Stocks Mixed Ahead of US CPI

On Wednesday, European stocks struggled for direction as investors kept an eye close to the release of the US consumer price index (CPI) today. 

The American key inflation reading is expected to hike 0.60% from its prior month, about a 6.00% year-over-year gain.

Moreover, economists forecasted the core CPI, the Fed’s preferred measure of inflation, to post a 0.40% jump. 

Accordingly, the pan-European STOXX 600 index jumped 0.18% or 0.85 points to $483.56 per share. 

One of its best performers, food and health retailer ICA Gruppen, rose 10.74% or 6.00 points to $61.87 per share. 

Likewise, the EURO STOXX 50 index advanced 0.26% or 10.61 points to $4,355.84 per share. 

Then, semiconductor business Infineon Technologies increased 2.69% or 1.32 points to $49.43 per share. 

Moreover, London shares significantly posted gains in European stocks

The benchmark FTSE All-Share improved 0.37% or 15.26 points to $4,169.37 per share.

At the top of the index, multinational retailer Marks & Spencer skyrocketed 14.37% or 0.39 points to $3.01 per share.

Similarly, Halfords, the UK’s largest retailer of motorcycle products, boosted 11.70% or 0.42 points to $4.21 per share. 

Correspondingly, the FTSE 100 index climbed 0.34% or 24.88 points to $7,298.92 per share. 

Subsequently, media company ITV plc soared 8.59% or 0.13 points to $1.61 per share. 

Meanwhile, German shares plummeted, opposing the gains of most European stocks. 

The MDAX performance index tumbled 0.12% or 44.19 points to $36,061.10 per share. 

Subsequently, the recycling business Befesa plunged 1.61% or 1.16 to $70.91 per share. 

Also, the DAX 40 index shed 0.12% or 17.83 points to $16,021.86 per share.

Then, design company Adidas lost 5.59% or 18.74 points to $321.99 per share. 

In Paris, the CAC 40 index declined 0.07% or 4.02 points to $7,041.78 per share. 

Asia-Pacific Mostly Down as European Stocks Mixed

Furthermore, shares in the Asia-Pacific region mostly fell as the European Stocks mixed in the trading market. 

In Japan, the Nikkei 225 index fluctuated 0.61% or 178.68 points to $29,106.78 per share. 

Correspondingly, the TOPIX index fell 0.54% or 10.81 points to $2,007.96 per share. 

In China, the benchmark Shanghai Composite dropped 0.41% or 14.54 points to $3,492.46 per share. 

Also, the Shenzhen Component index plunged 0.38% or 56.05 points to $14,515.88 per share. 

In Australia, the S&P/ASX 200 index reduced 0.14% or 10.30 points to $7,423.90 per share. 

Conversely, Hong Kong’s Hang Seng index increased 0.74% or 183.01 points to $24,996.14 per share. 

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