European stock futures higher; German, Spanish inflation data in focus
Investing.com - European stock markets are expected to open with small gains Monday ahead of the release of Spanish and German inflation data, at the start of a week that includes several central bank meetings, including the U.S. Federal Reserve.ended the longest streak of interest rate rises in its 25-year history last week, leaving its main policy rate at 4% and stating current borrowing costs may be just enough to tame inflation if they stay at current levels for"sufficiently long".
There was some evidence of German inflation retreating, with data released early Monday showing that consumer prices rose 3.1% in October on an annual basis in the state ofInvestors will also keep an eye on developments in the Middle East as Israel launched a large-scale ground assault on Gaza over the weekend but there appeared to be no broader spillover in the Middle Eastern conflict.), Europe’s largest bank, reported a third-quarter pretax profit of $7.7 billion, versus $3.
However, this was still below the $8.1 billion expected because of higher costs, with the lender indicating costs are likely to increase by 4% this year, more than its previous goal of a 3% rise.Oil prices fell Monday as traders adopted a cautious stance at the start of a week that includes a Federal Reserve policy meeting as well as key U.S. and Chinese economic data.
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