European stocks are expected to open in mixed territory on Wednesday as investors prepare for the next reading of U.S. inflation due tomorrow.
were mostly lower in Wednesday trade as investors reacted to the release of Chinese inflation data.
China's producer price index for May jumped 9% from a year earlier, against expectations in a Reuters poll for a 8.5% increase. The country's consumer price index in May rose 1.3% from a year earlier, lower than an expected 1.6% rise in a Reuters poll.global economy now expected to grow 5.6% in 2021Still, the organization warned in a Tuesday press release that global output will be about 2% below pre-pandemic projections by the end of this year in spite of the recovery.
On the earnings and data front in Europe, retail giant Inditex releases second-quarter earnings and Germany publishes its latest import and export data.Sign up for
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