FXstreet.com (Barcelona) - The German DAX 30 edges higher (+0.13%) and the French CAC 40 trades flat, while the Spanish IBEX 35 (+1.30%) and the Italian FTSE MIB (+0.70%) rise strongly as Bloomberg reports imminent ECB emergency aid to Spain worth of €30B. At the German front, Dow Jones reports that politicians demand ECB reforms to strengthen Germany’s influence in the decision making process.
The Eurozone’s CPI inflation report came in as expected, +2.4% (YoY) and -0.5% (MoM), except for the annualized Core prices that rose to +1.6% instead of +1.9%.
The British FTSE 100 (-0.19%) is edging lower on the day, despite the better than expected retail sales in the UK.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a higher open by +0.10%/0.20% as China’s premier Wen hints further monetary policy easing based on the softening inflation and the “relatively large” downwards pressure on the Chinese economy.
WTI crude oil and Gold prices improved and are now trading flat on the day, at $94.30 and $1603.
The Eurozone’s CPI inflation report came in as expected, +2.4% (YoY) and -0.5% (MoM), except for the annualized Core prices that rose to +1.6% instead of +1.9%.
The British FTSE 100 (-0.19%) is edging lower on the day, despite the better than expected retail sales in the UK.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a higher open by +0.10%/0.20% as China’s premier Wen hints further monetary policy easing based on the softening inflation and the “relatively large” downwards pressure on the Chinese economy.
WTI crude oil and Gold prices improved and are now trading flat on the day, at $94.30 and $1603.
