European stocks, investors await Fed Powell comments

LONDON – European stocks are expected to open higher on Tuesday as investors look ahead to the next U.S. inflation data due on Wednesday.

British FTSE Germany opens 31 points higher at 7,464 Dax France’s 15,886 is 78 points higher CAC 40 Up 44 points to 7,174, Italy FTSE MIB It rose 114 points to 27,300, according to IG data.

Global markets will focus on the latest U.S. inflation data this week; the latest U.S. consumer price index is scheduled for release on Wednesday, and the producer price index is scheduled for release on Thursday.

Consumer prices have risen in Europe and the United States in recent months. last Friday, Euro zone inflation hits record high in December This is a 5% increase compared to the same period last year.

Asia Pacific Markets Mixed Tightening across the board on Tuesday came as investors remained concerned about inflation and the possibility of policy tightening by central banks such as the Federal Reserve.

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Global investors will also be looking for any clues from Fed officials on the timing of a rate hike; Fed Chairman Jerome Powell will hold a confirmation hearing on Tuesday. Kansas City Fed President Esther George will also speak on economic policy, and St. Louis Fed President James Bullard will also speak later in the day.

U.S. futures were flat overnight The Nasdaq managed to snap a four-day losing streak after the major indexes extended losses on Monday.

Data releases include the latest reading of UK GDP for the three months to November, UK industrial and manufacturing output for November and Greek unemployment data for the same month.

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—CNBC’s Tanaya Macheel contributed to this market report.